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Get Tax Form 17
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How to fill out the Tax Form 17 online
Filling out Tax Form 17 online is an essential process for establishments or Omani companies seeking to file their final return of income. This guide provides clear, step-by-step instructions on completing this form accurately and efficiently.
Follow the steps to complete Tax Form 17 online.
- Press the ‘Get Form’ button to obtain the form and open it in the editor.
- Begin filling out Part One by providing details relating to the establishment or Omani company. Include the name of the establishment under the first field, followed by the address details such as P.O. Box, city/wilayat, postal code, phone number, fax number, email address, and website.
- Next, indicate the nature of the activity carried on by the establishment. You will select from options such as commercial, industrial, or professional, and provide specific details for each category.
- In this part, specify both the main activity and any additional activities undertaken by the Omani company to reflect a comprehensive overview of operations.
- Fill out the details of the principal officer, including their name, address, identification number (ID Card, Resident Card, or Passport), and contact information, such as office and mobile phone numbers.
- Enter the number of employees, distinguishing between Omani and non-Omani employees to complete this section accurately.
- Provide commercial registration details, including the governorate, commercial registration number, and the date of registration.
- Fill in any additional details that may be relevant to the establishment or company as required in this section.
- Move on to Part Two, which involves determining taxable income and due tax. Start by entering total sales/revenue, followed by costs of sale/costs of revenue.
- Continue to calculate gross profit by subtracting item 2 from item 1. Report any other income received and calculate the gross income.
- Include other deductible expenses, then indicate any tax-exempt income. Calculate total deductions from income by adding items 6 and 7.
- Determine income or loss by subtracting total deductions from the gross income. Apply any losses carried forward from prior years and calculate the taxable income or loss.
- Finally, itemize the tax due alongside deductions for tax paid as per provisional return and any excess tax paid from previous assessments.
- Verify the accuracy of all entered information and make any necessary corrections.
- Once the form is completed, you can save your changes, download, print, or share the document as needed.
Start filling out your Tax Form 17 online today for a smoother filing experience.
Form 17 process The Form 17 procedure is used to formally notify HMRC that there is, in fact, a different underlying beneficial ownership in the asset in question, other than 50:50 – and that new split should be used to determine the split in income, for income tax purposes, from that point onwards.
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