Oman / Reports
Reports
Reports show where your business stands and prepare the figures for your returns. Every report can be viewed on screen and downloaded as PDF, Excel or CSV, in English or Arabic.
How it works
- 1Pick the tabManagerial or Statutory Filings.
- 2Choose the reportAnd the dates it should cover.
- 3View itOn screen first.
- 4DownloadPDF, Excel or CSV.
Every downloaded report ends with the line Report generated by FiscFort (https://fiscfort.com).
Managerial reports
These help you run the business. The list is in alphabetical order.
| Report | What it tells you |
|---|---|
| Balance Sheet | What you own and what you owe. |
| Bank Matching Audit | How bank lines were matched to vendor bills: reference, amount and bill date. |
| Break-Even | How much you must sell to cover your costs. |
| Cash Flow Forecast | Money expected in and out. |
| Expenses by Category | Where the money goes. |
| General Ledger | Every account with a running balance. |
| Journal Entries | Every booking, in date order. |
| Late Tax Invoices | Customer invoices issued more than 15 days after the supply (Art 143). |
| Loans | Employee loans and what remains to be repaid. |
| Open Purchase Orders | Per order: ordered, received, billed, received but not billed, still to receive. |
| Payables Aging and Receivables Aging | Who you owe and who owes you, by how late. |
| Profit and Loss | Income minus costs for a period. |
| Revenue by Month | Sales month by month. |
| Takings | Cash and card takings. |
| Top Customers and Suppliers | Who you sell to and buy from the most. |
| Trial Balance | Opening, debit, credit and closing per account. |
| Unpaid Invoices | What is still waiting to be paid. |
| VAT Position | VAT you owe and VAT you can deduct. |
| Working Capital | Short-term money position. |
Tax reports for your accountant
These prepare figures for returns. They are reports only. Nothing is booked or sent.
| Report | What it is for |
|---|---|
| Capital Asset VAT Adjustment | Yearly VAT correction on fixed assets. See Fixed Assets. |
| Excise Tax Report | Excise estimate for tobacco, pork products, alcohol and drinks. It is an estimate, not the return. |
| Income Tax Computation | Profit from the books, adjustments, taxable income, tax at 15% (or 3% for a small establishment) and the return due date. |
| Input VAT Check | Posted bills whose input VAT may not qualify: no supplier VAT number, no original document, or a type of cost that may be blocked. |
| VAT Refund and Partial Exemption | Deduction ratio, annual adjustment, and whether a refund claim above OMR 100 is possible. |
| Withholding Tax | 10% withholding on payments to non-resident suppliers, with the due date. |
Statutory Filings tab
VAT return
Choose the dates (a quarter) to see the VAT return boxes: 1a, 1b, 1c, 2b, 3a, 4a, 4b, 6a and 6b with base and VAT, then total VAT due, input VAT credit and net payable. Boxes 5b, 6c and 6d (adjustments and VAT on fixed assets) are typed in on this page. Your accountant keys the figures into the Tax Authority portal. Nothing is submitted for you.
Social Protection Fund
Shows what is due for the month and gives the Social Protection Fund report, with each employee's wages and contributions, as PDF, Excel or CSV in English or Arabic.
Withholding tax on non-residents
Tick the foreign suppliers whose payments carry 10% withholding tax. The Withholding Tax report then lists their bills and the amount to pay.
Upcoming deadlines
The next eight due dates, with days left (red up to 7 days, amber up to 30): VAT return and payment (30 days after the quarter), Social Protection Fund (15th of next month), salary transfer through WPS (3 days after month end) and the income tax return (30 April for a year ending 31 December).
Invoice copies (ZIP)
Download invoice copies (ZIP) gives every posted customer invoice, vendor bill and credit note of a period as its uploaded document, in folders, with an index. Use it when the Tax Authority asks to inspect your records. An invoice with no uploaded document is listed in the index as no file.
Records for inspection
The law asks you to keep books and invoices for 10 years and to give an Arabic version on request. Posted entries cannot be changed. Use Journal Entries, General Ledger and the ZIP for an inspection.
For accountants
- The VAT return is calculated from the tax tags, because Odoo Community cannot run its own VAT Return report. Odoo's 27-line layout matches the Tax Authority boxes. Boxes 1d, 1e, 2a (GCC reverse charge) are not active in Oman and not shown; 1f (profit margin scheme) is not supported. Not yet validated against a filed quarter.
- Deduction ratio = taxable supplies (1a, 1b, 3a) ÷ taxable plus exempt supplies, to 3 decimals (Reg Art 59). The annual adjustment (Reg Art 60) is shown for a full calendar year. Positive goes to box 6d and negative to box 5b.
- Withholding tax follows Income Tax Law Art 113 and is remitted by the 14th of the following month (Art 52 bis). Payment types excluded by Reg Art 4 bis 1 (conferences, training, freight, insurance, flights) are decided per supplier, not per bill line.
- Income tax: donations limit (5% of gross income, Reg Art 33) is calculated. Salaries above the limit, bad debts, related-party interest, other non-deductible expenses, exempt income and losses brought forward are typed in. Tax depreciation is not recomputed. There is no form 17 layout.
- Excise: the return layout and the excise base (retail price) are not verified, so the figure is an estimate.
- Each report has a limit of 50,000 rows.
- Balance Sheet: Equity carries the line Result to date (income less expenses). The result is cumulative to the report date, with no split between previous years and the current year. A liability can show negative when payments were posted before the bills.
- The Late Tax Invoices report compares the invoice date with the supply date (the delivery date, else the invoice date), or with a payment received before the supply.