“At ALOZDI AUDITING Company, we are your trusted Accountants and Legal Auditors. As a fully licensed auditing firm recognized by the Tax Authority of Oman,

we are dedicated to providing the best financial solutions and a wide range of services to institutions and companies.”

Our Services

1. Audit and Assurance

These services provide independent verification of financial or operational information.

  • Statutory Audit (External Audit): The most common type, legally required for most Omani companies annually to ensure financial statements (prepared under IFRS) present a ‘true and fair’ view.
  • Internal Audit: An independent assessment of an organization’s internal controls, risk management, and governance processes, often aimed at improving operational efficiency and achieving objectives. Can be outsourced.
  • Financial Statement Audit: Focuses specifically on providing an opinion on the accuracy and fairness of a company’s financial statements.
  • Due Diligence Audit: A specific-purpose audit conducted before a merger, acquisition, or significant investment to verify financial and operational health, uncover risks, and assess value.
  • Tax Audit Support: Assistance during an audit initiated by the Tax Authority of Oman (e.g., for Corporate Income Tax or VAT).
  • Forensic Audit: A specialized investigation to uncover evidence of fraud, financial misconduct, or irregularities.
  • Stock Audit: Verification of inventory quantities, condition, and valuation.
  • Compliance Audit: Checks adherence to specific laws, regulations, contracts, or internal policies.
  • ICV (In-Country Value) Audits: Specific to Oman, these verify a company’s contribution to local content, employment, and economic development for government tenders
     
     

2. Tax Advisory – Types in Oman

These services help businesses and individuals comply with Omani tax laws and optimize their tax positions.

  • Corporate Income Tax (CIT) Advisory: Guidance on CIT calculations, return preparation, provisional returns, exemptions, tax planning strategies, and handling assessments from the Tax Authority.
  • Value Added Tax (VAT) Advisory: Assistance with VAT registration/deregistration, return filing, input tax recovery, advisory on zero-rated/exempt supplies, and VAT health checks.
  • Withholding Tax (WHT) Advisory: Guidance on applicability of WHT (especially considering recent suspensions on dividends, interest, and specific leases), compliance, and leveraging Double Taxation Treaties (DTTs).
  • Excise Tax Advisory: Support for businesses dealing with excise-taxable goods (e.g., tobacco, energy drinks) for compliance, registration, and reporting.
  • International Tax Planning: Advice on cross-border transactions, transfer pricing, and the implications of DTTs for multinational operations.
  • Tax Dispute Resolution: Assistance with objections, appeals, and representation during tax audits or disputes with the Tax Authority.
  • Personal Income Tax (PIT) Advisory: * (As of Jan 1, 2028)* Guidance for high-income earners on income subject to PIT, applicable deductions, exemptions, and compliance requirements.

3. Accounting Service – Types in Oman

These are broader services covering the systematic recording, measurement, and reporting of financial transactions.

  • Financial Accounting: Focuses on preparing financial statements (Balance Sheet, Income Statement, Cash Flow) for external reporting, adhering to IFRS.
  • Managerial Accounting: Provides internal reports and analysis (e.g., budgeting, variance analysis, cost accounting) to help management make informed decisions.
  • Tax Accounting: Specific accounting practices geared towards preparing and filing tax returns, ensuring compliance with Omani tax laws.
  • Backlog Accounting & Clean-up: Services to rectify and update historical financial records that are incomplete or inaccurate.
  • Accounting System Setup: Assisting new businesses or those upgrading to implement robust accounting systems and processes.

4. Bookkeeping Service – Types in Oman

The fundamental process of recording day-to-day financial transactions.

  • Full-Cycle Bookkeeping: Comprehensive management of all daily transactions, including sales, purchases, expenses, revenue, general ledger maintenance, accounts payable, accounts receivable, and bank reconciliations.
  • Accounts Payable/Receivable Management: Specialized services focusing on managing money owed to suppliers and money owed by customers.
  • Bank Reconciliation: Regular comparison of bank statements with internal cash records to ensure accuracy.
  • Payroll Bookkeeping: Recording and managing employee salaries, wages, and social security contributions.
  • VAT Bookkeeping: Specific recording and categorization of transactions to ensure accurate VAT calculations and reporting.

Cloud-Based Bookkeeping: Utilizing online accounting software for real-time, accessible financial record keeping

 

5. Accounting Software

These are software solutions used to manage financial transactions and reporting.

  • Entry-Level/Small Business Software: User-friendly solutions suitable for startups and SMEs. These often include features for invoicing, expense tracking, and basic financial reporting.
  • Mid-Market ERP Systems: More comprehensive systems for growing businesses that integrate various functions beyond just accounting (e.g., inventory, CRM, HR).
  • Enterprise Resource Planning (ERP) Systems: Large-scale, integrated software suites for big corporations with complex operations.
  • Specialized/Vertical-Specific Software: Solutions tailored for particular industries (e.g., real estate management, hospitality).
  • Cloud-based vs. On-Premise: Cloud-based solutions are increasingly popular for their accessibility and scalability, while on-premise require local server installation

6. Payroll and HR Support

Services assisting businesses with employee management, compensation, and compliance.

  • Payroll Processing: Calculation of salaries, wages, allowances, deductions (including Omani social security for nationals), and ensuring timely payments via WPS (Wage Protection System).
  • Social Security (PASI/SPF) Compliance: Managing mandatory contributions for Omani employees to the Social Protection Fund.
  • End-of-Service Gratuity Calculation: Calculating terminal benefits as per Omani Labour Law.
  • Leave Management: Tracking and managing employee leave entitlements (annual, sick, maternity, etc.).
  • HR Administration: Support for managing employee records, onboarding/offboarding, and general HR documentation.
  • Labour Law Compliance: Advising on adherence to the Omani Labour Law regarding working hours, overtime, contracts, and other employment regulations.
  • Personal Income Tax Withholding (New from 2028): Assistance with the new employer obligations for withholding and remitting PIT for high-income earners.
  • Omanization Compliance: Guidance on meeting nationalization quotas for Omani employees.

7. Management Consultancy

Advisory services focused on improving an organization’s overall performance and efficiency, often internally focused.

  • Strategy Development: Helping organizations define their long-term vision, mission, and strategic goals.
  • Organizational Design & Restructuring: Advising on optimizing organizational structure, roles, and responsibilities.
  • Performance Improvement: Identifying inefficiencies in operations, processes, and systems to enhance productivity and profitability.
  • Change Management: Guiding organizations through significant transitions (e.g., new technology, mergers).
  • Risk Management: Developing frameworks to identify, assess, and mitigate business risks.
  • Financial & Administrative Consulting: Specific advice on financial management, cost control, budgeting, and administrative processes.

8. Business Consultancy

Broader advisory services that often include external factors and strategic growth.

  • Business Setup & Formation: Guiding new businesses through the registration, licensing, and legal establishment processes in Oman.
  • Feasibility Studies: Conducting in-depth analysis to assess the viability and potential success of a new business venture or project in the Omani market.
  • Market Entry Strategy: Advising foreign companies on the best approach to enter the Omani market.
  • Growth Strategy: Developing plans for business expansion, diversification, or market penetration.
  • Digital Transformation: Guiding businesses on adopting new technologies to improve operations and customer experience.
  • Mergers & Acquisitions (M&A) Advisory: Providing support throughout the M&A process, from target identification to integration.
  • Legal & Regulatory Compliance (Broad): Advising on general adherence to Omani commercial laws and regulations.

 


These categories highlight the diverse ways ALOZDI AUDITING Company can support businesses in Oman, leveraging their expertise and understanding of the local environment.

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