Mastering VAT in Oman: Compehensive Online Course

Welcome to the certificate online course "Mastering VAT in Oman: Comprehensive Online Course"

This online course provides an overview of the Value Added Tax (VAT) rules applicable in Oman in 2024 and will help you to understand how they work in practice with many practical examples, case studies, quizzes and live online Q&A sessions.

The course is designed to be both useful and convenient for the participants. You can complete all course activities in your convenient time without the need to block specific dates and time for the course. In addition, all participants will receive 12-month access to all materials in the course and will receive access to all updates of the course during this period. In addition, each participant receives two private 30-minute online Q&A sessions with the lecturer of the course.

Learning objectives

• Understand the mechanism of VAT.
• Describe the VAT legislative framework and the status of implementation of VAT in the GCC.
• Determine the persons liable to VAT registration in Oman.
• Identify taxable transactions and determine their place of supply.
• Comment on determining the taxable event and taxable amount.
• Discuss the VAT rates and exemptions in Oman.
• Understand the rules for deduction of input VAT.
• Discuss the various administrative obligations related to VAT.

What is included in the course?

The course includes the following:

• 17 recorded video lessons with many practical examples with a total duration of 3 hours (the transcripts of the video lessons are also included)
• 20 case studies (including the answers)
• 4 quizzes (including the answers)
• 2 private online Q&A sessions (for up to 30 minutes) with the instructor of the course (to be agreed in convenient time for the participant and the instructor).

Pace

The course is self-paced. This is the most convenient form of online training as you can complete the course activities when suitable for you on various devices.

What is the language of the course?

The course is delivered entirely in English.

What is the fee for particpation in the course?

The fee for a 12-month access to the course is USD 499 (including VAT). All updates of the course during this 12-month period are included in the price.

Certification

Upon completion of the course, the participant will be awarded a Certificate of Completion.

How can I enroll for the course?

For enrollment in the course click on the button "Enroll in Course" at the top or at the bottom of this page and follow the required steps. Once enrolled in the course, you will have access to all materials in the course.

What is the detailed agenda of the course?

Below is the detailed agenda of the online course.

Part 1

Video lesson 1: What is Value Added Tax and how it works?

Video lesson 2: Overview of the implementation of the VAT in the GCC region.

Video lesson 3: VAT registration and deregistration in Oman.

Video lesson 4: Taxable transactions.

5 case studies

Quiz 1

Part 2

Video lesson 5: Place of taxable transactions (goods)

Video lesson 6: Place of taxable transactions (services)

Video lesson 7: Date of supply

Video lesson 8: Taxable amount

6 case studies

Quiz 2

Part 3

Video lesson 9: Supplies subject to 0% VAT

Video lesson 10: Exempt supplies

Video lesson 11: Importation

Video lesson 12: Input VAT deduction

5 case studies

Quiz 3

Part 4

Video lesson 13: Output VAT adjustments

Video lesson 14: Invoices and credit notes.

Video lesson 15: Tax periods and tax returns

Video lesson 16: Record-keeping and penalties

4 Case studies

Final Quiz