Use the information given below to fill in the following forms required by the Secretariat General of Taxation: Use the
Posted: Tue Nov 16, 2021 9:12 am
Use the information given below to fill in the following forms
required by the Secretariat General of Taxation: Use the
appropriate form.
1- Registration form
2. Provisional return of income Form
3. Final return of income form
Information:
Mohammed Ali and Ahmed Al Farsi established their own Auditing
office for auditing accounts and financial services on
1st January 2016. Both of them share the profit and
loss. Their business is called “MA Auditing Services Co”. Their
professional license no. is 3291, issued by the Ministry of
Commerce and Industry, Muscat, on 1st January, 2016 and
its expiry date is on 1st January 2019. This license is
temporary. It is for three years only but it is renewable.
They registered their business at the Ministry of Commerce in
Muscat on 7th March 2016. The capital written in the
commercial registration was OMR 50,000. On 19 March 2016, they
registered electronically at the Secretariat General for Taxation.
However, they started their operation on 1st April 2016.
Therefore, the first accounting period ended on 31st
December 2016.
The estimated taxable income earned during the first accounting
period was OMR 275,000. He submitted the provisional return on 23
February 2017 while the final return was submitted on
1st April 2017. The auditing office is located in Ruwi,
Muscat and its address is as follows:
-Post Box no.54, P.C. no. 112, Commercial registration no. :
1/224698, Muscat, Telephone no.: 24494329 Fax no. : 24494338.
Mohammed Ali is the Deputy Executive Manager. He is the Principal
Officer. He lives in Muscat and his ID no. is 11753978 and mobile
number is 99654325.
The trial balance of accounts for the year ended on 31st
December, 2016 is provided below:
Account Name
Debit
Credit
Cash
177,936
Accounts Receivable
99,116
Inventory
1,000
Property, plant and equipment (net)
40,000
Capital
50,000
Gain from disposing a car
2,000
Loss from disposing securities listed in MSM
8000
Sales
450,000
Rental Revenue
15,000
Cost of services provided
13,500
Wages and Salaries (Employees)
25,200
Administrative expense
18,450
Salaries Expenses (Partner)
60,000
Depreciation Expenses
22,400
Sponsorship Expense
21,000
Donations
15,000
Rent Expenses
36,000
Contributions to Public Authority for Social Insurance
2,898
Audit fees
5,000
Vehicle Cost
17,500
Bad debts expense
31,000
Tax consultancy
3,000
Total
557,000
557,000
Additional Information:
required by the Secretariat General of Taxation: Use the
appropriate form.
1- Registration form
2. Provisional return of income Form
3. Final return of income form
Information:
Mohammed Ali and Ahmed Al Farsi established their own Auditing
office for auditing accounts and financial services on
1st January 2016. Both of them share the profit and
loss. Their business is called “MA Auditing Services Co”. Their
professional license no. is 3291, issued by the Ministry of
Commerce and Industry, Muscat, on 1st January, 2016 and
its expiry date is on 1st January 2019. This license is
temporary. It is for three years only but it is renewable.
They registered their business at the Ministry of Commerce in
Muscat on 7th March 2016. The capital written in the
commercial registration was OMR 50,000. On 19 March 2016, they
registered electronically at the Secretariat General for Taxation.
However, they started their operation on 1st April 2016.
Therefore, the first accounting period ended on 31st
December 2016.
The estimated taxable income earned during the first accounting
period was OMR 275,000. He submitted the provisional return on 23
February 2017 while the final return was submitted on
1st April 2017. The auditing office is located in Ruwi,
Muscat and its address is as follows:
-Post Box no.54, P.C. no. 112, Commercial registration no. :
1/224698, Muscat, Telephone no.: 24494329 Fax no. : 24494338.
Mohammed Ali is the Deputy Executive Manager. He is the Principal
Officer. He lives in Muscat and his ID no. is 11753978 and mobile
number is 99654325.
The trial balance of accounts for the year ended on 31st
December, 2016 is provided below:
Account Name
Debit
Credit
Cash
177,936
Accounts Receivable
99,116
Inventory
1,000
Property, plant and equipment (net)
40,000
Capital
50,000
Gain from disposing a car
2,000
Loss from disposing securities listed in MSM
8000
Sales
450,000
Rental Revenue
15,000
Cost of services provided
13,500
Wages and Salaries (Employees)
25,200
Administrative expense
18,450
Salaries Expenses (Partner)
60,000
Depreciation Expenses
22,400
Sponsorship Expense
21,000
Donations
15,000
Rent Expenses
36,000
Contributions to Public Authority for Social Insurance
2,898
Audit fees
5,000
Vehicle Cost
17,500
Bad debts expense
31,000
Tax consultancy
3,000
Total
557,000
557,000
Additional Information: