Oman Blog
Oman extends deadline for CbCR notification
The #Tax #Authority has announced an extension to the notification deadline for Country-by-country reports for the reporting fiscal year that ends on 31 December 2020.
The filing notification deadline is extended to April 30, 2021, whereas the #deadline for filing the CbC report remains unchanged.
In reference to the Chairman’s Decision No. 79/2020 on Rules for Country-By-Country Reporting that specified designated persons (MNEs), information to be provided, retention periods, and the procedures to be followed in this regard; and after considering that the provisions of this decision applies to the reporting fiscal year that begins on January 1, 2020; and in light of circumstances related to the Coronavirus (Covid-19) pandemic and its impact on the business sector, The Tax Authority announces an extension in relation to the deadline for filing the notification under Article (5) of the aforementioned decision for entities whose reporting fiscal year ends December 31, 2020.
The deadline has been extended up to April 30, 2021. This decision aims at assisting the addressees by the decision and take into consideration the exceptional circumstances this year. Whereas, the deadline for filing the report stipulated in Article (7) of the same decision remains unchanged.
The deadline for filing notification under article (5) of the Chairmen’s decision No 79/2020 on rules for Country-By-Country reporting has been extended from December 31, 2020 to April 30, 2021
However, the deadline for filing the report stipulated in Article (7) of the same decision remains unchanged (December 31 2021).