GCC VAT Compliance (Basic)

Download or read book GCC VAT Compliance (Basic) written by ZAHID FAROOQ and published by ZAHID FAROOQ. This book was released on 2021-08-29 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive book that focuses on the explanation of VAT, classification and description of supply of taxable and non-taxable goods or services, registration method and key documents and each element is cross-referenced with the Oman VAT Law and Executive Regulations. This book also includes practical Case Studies which explains the VAT transactions in detail. Furthermore, each chapter and topic include a specific Compliance Focus segment that summarizes the main points for easier understanding. Moving forward, tax treatments according to the industries are also explained in this book. The formulas to calculate the complex VAT values are also provided in the relevant chapters.