OABC and Ernst & Young to help businesses get VAT ready

Business Tuesday 04/September/2018 18:01 PM
By: Times News Service
OABC and Ernst & Young to help businesses get VAT ready

Muscat: The Oman American Business Centre (OABC) in collaboration with Ernst and Young (EY) will be hosting a Value Added Tax (VAT) seminar to discuss the changes in the tax law and help prepare companies become VAT-ready.
To be held on September 10 at the InterContinental Hotel in Muscat, the session is open to the public, including residents, business people and small and medium enterprise (SME) owners. The seminar will provide attendees with helpful insights, information and answers to key questions.
With the tax projected to be put into effect in the near future in the Sultanate, OABC and EY are working with companies throughout Oman to help them with this transition.
The seminar will prepare participants to better understand how the new tax will impact multiple business functions within organisations, the importance of starting preparations early, and how they can make provisions for the change.
The seminar cost is OMR25 for members of the public and complimentary for members of the OABC.
The OABC is an organisation that was created to foster the development of commercial activity between the United States of America and the Sultanate. OABC seeks to promote friendship, understanding and knowledge-sharing through the identification of mutually beneficial opportunities for Omani individuals and US business communities based in the Sultanate.
By offering a forum for the exchange of information, advice and ideas towards the prosperity of the respective communities, OABC is an instrumental body that supports the further development of relations between the United States of America and Oman.