On 7 July 2021, Oman’s tax authority published an announcement suspending the requirement to file a country-by-country (CbC) report until further notice
On 14 July 2021, tax authority clarifies that the CbC reporting suspension is applicable only to those qualifying multinational entities (MNE) groups with an “ultimate parent entity” resident outside Oman. Qualifying MNE groups having an Oman-based ultimate parent entity are still required to file the CbC report in Oman for the reporting fiscal year 2020 on or before 31 December 2021.
The CbC notification requirement for reporting fiscal year 2021(1 January through 31 December 2021) continues to apply for all covered tax resident entities in Oman and is to be filed on or before 31 December 2021.
