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ERPNext - VAT in Oman

Hello Everyone,

I am a new ERPNext user from Oman in the printing industry. I would like to ask questions in regards to VAT as it is coming to Oman in Early April.

I have researched online & have found that there is something called UAE VAT 201 Reporting, but when I tried to search for it in my ERP it is not there .Can some one clarify if the items in this is available for everyone or do I have change my region?

This is the article:
https://docs.erpnext.com/docs/user/manual/en/regional/united_arab_emirates/uae-vat-201-report

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ERPNext has generic handlers for sales and purchase taxation.

Unless Oman is doing something really bizarre, you should be able to find all you need by creating a Sales Taxes and Charges Template

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@alibinhd can you please provide VAT info coming up in Oman? Just want to see how we can configure it. Thanks.

Hello

Thank you.

The VAT will be early April, 5% on all goods except food items will be exempted.

Filing will need to be done every quarter.

Don’t worry. It’s the same format as other GCC countries. Exception is KSA which has 15% VAT against 5% in other countries. Use the sales and purchase tax templates as mentioned by @MartinHBramwell Practice a bit and you will do fine.

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Thank you Muzzy.

What about the link I posted above is there a module for regions that specifies the details or is that old?

You will have to create a similar report as per Oman regulations. Long back we had made for Bahrain.

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hi @alibinhd , @shareeef @Muzzy @MartinHBramwell

Here is the link the VAT tax in Oman. Hope this helps in how we can configure it ??

https://tms.taxoman.gov.om/portal/web/taxportal/vat-tax

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Hi,

Thanks for assisting others.

Do you have standardized some report for Bahrain? If yes, would you be open to contribute it?

Thanks for the replies.

We have a roadmap item for bootstrapping of Accounts / ledger and sales taxes and charges template as per the Oman govt. VAT regulation.

We will be great to learn about more specific fields and flags which will be needed in the master and transactions, so that VAT complaint report can be availed from ERPNext. Will highly appreciate if someone can help us with requirements like we did for UAE VAT.

Hello Umair,

Thanks for your kind reply.

Please note the following minimum information must be included in a VAT invoice. There is also an option for a simplified invoice

  • Supplier name, address and VAT identification number (VATIN)
  • “Tax Invoice” clearly indicated on the invoice
  • Date of invoice
  • Date of taxable supply of goods or services
  • A unique sequential invoice numbers
  • Customer details – name and address
  • Details of supply – quantity of goods etc
  • Gross value of supply in OMR
  • VAT calculation
  • Net value of supply

Hi…

Most of the requirements can be captured in the masters and fetch on the invoice level. Can you or @Muzzy highlight at the specific fields level information which we might have to include in ERPNext, so that we can bootstrap VAT configuration and reporting for Oman customers?

For example: UAE vat regulations requires additional fields like:

  • Company TRN
  • Customer tax ID
  • Address , with Emirate
  • Exemption details on item and invoice level?
    and bunch of additional fields.

Based on this information collected on invoice level, we make a standard report for UAE customers. Here is the detailed requirement analysis for this report, which was later added.

If one of the community members can help us get the specific details, we at Frappe can try and delivery it in the core ERPNext application.

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Dear Umair,

Thanks for your kind reply, as noted the additional fields are:
Tax ID (VATIN Number)
VAT Calculation between bought & sold

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We have developed a monthly total VAT of sales and purchases agianst the VAT#'s. If they are above a certain value, which is parametric BTW, we report the total sale and/or purchase with the total number of related documents and send to the other party for approval. Are you looking for sth like this?

Would certainly request you to share more details / repo? on this. If this is generic enough, could become part of product and benefit community at large.

Still looking for the structured requirements. Will be happy to get on a call with the accounting experts in the Oman region, who can help us with the requirements.