Business Studies Department - Taxation in Oman Seminar - December 10, 2023

Introduction:

On December 10, 2023, the Business Department organized a seminar on Taxation in Oman. The event aimed to educate students about the historical context of taxes in Oman, explore applicable rates for corporations and SMEs, and provide insights into Value Added Tax (VAT) and taxable supplies. The seminar featured two distinguished guest speakers from the Tax Authority: Mr. Yousuf al Samri, Director of the Taxpayer Department, and Mr. Abdul Rahman Al Saghai, Head of the Quality Section.

Guest Speaker Presentations:

Mr. Yousuf al Samri - Director of Taxpayer Department:

Mr. Yousuf Al Samri delivered a comprehensive presentation on the history of taxes in Oman, offering students valuable insights into the evolution of taxation policies in the country. He highlighted key milestones, reforms, and the current state of taxation. Moreover, Mr. Yousuf Al Samri discussed the specific rates applicable to both corporations and Small and Medium-sized Enterprises (SMEs) operating in Oman, shedding light on the regulatory framework that governs these entities.

Mr. Abdul Rahman Al Saghai - Head of the Quality Section:

Mr. Al Saghai's presentation focused on Value Added Tax (VAT) and taxable supplies. He provided a detailed explanation of how VAT functions in Oman and elucidated the concept of taxable supplies. The presentation was enriched with real-world examples and case studies to facilitate a deeper understanding among the students. Mr. Al Saghai also addressed the potential impact of VAT on businesses and consumers.

Student Engagement and Q&A Session:

The event saw active participation from the students, who eagerly engaged with the guest speakers during the Q&A session. Numerous questions were posed, reflecting the students' enthusiasm and desire for a clearer understanding of the taxation concepts

discussed. The speakers patiently addressed each query, ensuring that the students left with a thorough comprehension of the subject matter.

The seminar was deemed a success, as evidenced by the positive feedback received from attendees. Students expressed gratitude for the opportunity to learn directly from industry experts and praised the organizers for hosting an informative and engaging event. The seminar not only broadened the students' knowledge of taxation but also provided valuable insights into the practical aspects of the field. It was a fostering and positive learning environment and enhanced the academic experience for all participants.

Organized by:

Ms. Sameena Begum, Ms. Eman Al Hinnai and Ms. Uzma organized the Guest lecture.

Attended by

Dr. Ayesha Begum, Ms. Latifa, Dr. Kari Hari and Dr.Srinivasan.