Use the information given below to fill in the following forms required by the Secretariat General of

Taxation:

$1-$ Registration form $(5$ marks$).$

$2.$ Provisional return of income Form $(5$ marks$).$

$3.$ Final return of income form $(5$ marks$).$

$4.$ Presentation$/$interview on tax deduction and assessment $(5$ marks$).$

Information:

On Jan$1$st$,2022,$ an Omani entrepreneur, Mohammed Said, established his own hypermarket for selling

food and home stuff and called it $$Super Hypermarket$.$ He registered his business at the Ministry of

Commerce in Muscat on $31$st March $2022.$ The capital written in the commercial registration was OMR

$60,000.$ On $1$st April $2022,$ he registered electronically at the secretariat General for taxation. However,

he started his operation on $1$st April $2022.$ Therefore, the first accounting period ended on $31$st

December $2022.$ The taxable income earned during the first accounting period was OMR $549,000.$ He

submitted the provisional return on $2$nd February $2023$ while the final return was submitted on $1$st April

$2023.$ The hypermarket address is as follows:

Box no$\mathrm{.}54,$ P$.$C$.$ no$.112,$ Commercial registration no$.$: $1/224698,$ Muscat, Telephone no$.$: $23456789$ Fax

no$.$: $24494338.$

Ahmed, the executive manager is the principal officer. He lives in Muscat and his ID no$.$ is $11795378$ and

mobile number is $99885425.$

The trial balance of accounts for the year ended on $31$st December $2022$ is provided below:Assignment $($BSAC$4117\_$BSAC$4102)$ Spring Sem, $2024$ Page $2$ of $2$

Accounts Debit Credit

Cash $375,000$

Accounts Receivable $174,000$

Inventory $250,000$

Property, plant and equipment $($net$)250,000$

Capital $500,000$

Gain from selling machine $20,000$

Gain from disposing securities listed in MSM $29,200$

Sales $860,000$

Rental Revenue $38,000$

Cost of Goods Sold $250,000$

Administrative expense $15,000$

Salaries Expenses $($Owner$)24,000$

Depreciation Expenses $54,600$

Additional taxes due to income tax postponement $3,000$

Donations $5,000$

Rent Expenses $10,100$

Contributions to Public Authority for Social Insurance $2,000$

Audit fees $3,500$

Vehicle Cost $6,000$

Head Office Expense $5,000$

Bad debts expense $10,000$

Tax consultancy $10,000$

Total $1,447,2001,447,200$

Additional Information:

$1)$ Head office expense of OMR $5000$ was paid for supervision and control.

$2)$ Oman Hypermarket paid OMR $2000,11\mathrm{.}5\%,$ for employees whose salaries less than OMR $3000$

$3)$ OMR $5000$ was paid to a charitable team which is approved by the financial affairs and energy

resources council.

$4)$ Mr$.$ Ahmed is the owner, and he works on full time$-$basis. His salary in the contract is OMR

$2,000.$

$5)$ Bad debts of OMR $10,000$ were not able to be collected. However, from one of the debtor OMR

$5,000$ was collected.

$6)$ The beginning balance of carrying value of plant and machines was OMR $300,000.$ Straight$-$line

Method was used with depreciation rate of $18\mathrm{.}2\%.$