- Overview: Oman
- Global HR Compliance
- Global PEO and payroll
- Work permit for hiring expats via PEO
- Expand without a company set up
- Contractor vs. employee: which is better?
Global PEO and Payroll in Oman
Getting your business up-and-running in Oman can be challenging, especially if you do not speak the native language. Establishing your own business entity in Oman is an option to be considered as you expand abroad. But before you invest valuable resources in setting up business in Oman, you should be fully aware of the risks involved.
Acumen’s Global PEO and Payroll solution was designed especially for companies like yours, to smooth the way for quick, easy and risk-free business operations in Oman, without having to establish a legal business entity.
Acumen International – Your Professional Employer Organization in Oman
Navigating the Omani legal system and adhering to regulations governing employment and taxation can be challenging for businesses, especially if you are not a native Omani speaker. Partnering with Acumen International as a global Professional Employer organization (PEO) provides you with the local knowledge and support you need to conduct business in Oman without concern for legal and compliance risks.
Whether you represent international client companies or you are taking your own business operations abroad, Acumen International’s Global PEO and payroll service allows you to hire and payroll local and expat employees in Oman. With Acumen in your corner, you can quickly and easily onboard and compensate your employees without risk of legal repercussions.
International Global Payroll and Taxation in Oman
Employment related taxes
Personal Income Tax (PIT). There is currently no personal income tax in Oman.
Accordingly, there is no requirement for individuals to file income tax returns and the concept of tax residency is not currently defined for individuals.
Locals. A unified system of insurance protection coverage applies to citizens of Gulf Cooperation Council (GCC) member states working in other GCC countries. Omani private sector employees between age 15 and 59 must contribute a part of their monthly salary for social security purposes to the Public Authority for Social Insurance (old age, disability and death).
Expats. No payments.
Payroll Cycle in Oman
Wages shall be paid on a working day and at the workplace subject to the following provisions:
- Workers who are appointed on monthly wages shall be paid their wages at least once every month.
- If the wage is paid on the basis of the number of pieces produced and the work requires a period of more than two weeks, the worker shall get a weekly payment on a account proportionate to the work he has completed and the balance of the wage shall be paid to him in full during the week following the completion of the work assigned to him.
- In cases other than the above-stated, the salaries of the employees shall be paid weekly.
Non-payroll taxes in Oman
Oman does not levy VAT or sales tax. While Oman does not have VAT regime in place at the moment, it has expressed its intention to implement VAT in line with other GCC countries/territories. In a recent interview with Bloomberg at the World Economic Forum 2020 in Davos, His Excellency Ali bin Masoud Al Sunaid, Minister of Commerce and Industry in Oman, confirmed that Oman would introduce Value Added Tax (VAT) “during the beginning of 2021”. The Oman Tax Authority continues with its preparations in order to be ready to implement VAT within this timeframe.
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How Acumen’s International PEO and Payroll Service can Benefit Your Business in Oman
Compensating your local and expat workforce in Oman and closely adhering to Omani taxation requirements can divert your attention and resources from activities that help your business grow. A reliable global employment solution like Acumen’s Global PEO and Payroll service can take a substantial burden off your shoulders so you can focus on running your company.
Outsourcing the administrative and compliance tasks involved in employee payroll is one approach, but we have a better solution. Acumen International offers a global PEO and payroll solution that goes beyond outsourcing. We hire and compensate your global workforce on your behalf, and take care of all the details of payroll while ensuring full compliance with Omani labor and taxation laws.
It is important to note that Acumen does not provide international global payroll services as a standalone solution, but only as a part of our global PEO and Payroll solution.
Our comprehensive global PEO and payroll services are just some of the benefits of partnering with Acumen International. We make it easy for you to achieve your business goals in Oman by officially employing and compensating your best selected global talent – both locals and expats – without concerns for legal and compliance risks faced by global employers.
Disclaimer: Any of the above information is subject to changes imposed by Omani laws. To get the latest updates on taxation in Oman and in 190 countries worldwide, contact Acumen’s team of global employment experts.