For each of the following cases, your aim is to assess the tax system in the Sultanate

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Question:

For each of the following cases, your aim is to assess the tax system in the Sultanate of Oman. Your assessment should contain the following important points:
 Calculate the amount of taxable income or tax payable
 Explain the related provision from the Oman Taxation law
a. The Majan Hotel earned total bills for the month of August of OMR7500. The bill includes online bookings still uncollected totaling OMR1,200. These are due to be collected from the bank.
b. Al Haitham LLC provided the following data from the business operations: net income – OMR2000; royalty income – OMR500; rental income from properties – OMR250 and income from sale of securities in MSM – OMR100.
c. Mr. Ahmed earned the following in 2020: salary from job – OMR12,000; income from rental business – OMR5,000 and leisure income – OMR1500.
d. Al Qabayel Trading posted a total taxable income of OMR40,000 for the year 2020. However, the Secretary General found that tax stipulated for the year of OMR1,000 and inappropriate expenses of OMR500 were deducted.
e. Al Safa Ltd had a taxable income of OMR30,000 in 2020. The Secretary General issued a notification on the inclusion of a machinery bought for OMR5,000 and utilities expense of OMR1,400.