Tuesday, March 25, 2025

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Avoid using personal bank account for business transactions: Oman Tax Authority

TAS News Service

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Sunday, May 12, 2024

“Some people avoid paying taxes by engaging in illegal methods that includes frauds. They will intentionally not submitting their tax declaration for income, VAT or excise. They will inflate the expenses to show less amount of taxable income, hiding some of the business activities and do not showing them as a revenue.”

Kifah Mohammed Ali Al Lawati, Tax Specialist at Oman Tax Authority explains about tax evasion.

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