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Tag: <span>Oman</span>

Amendments in Oman Tax Law

Amendments in Oman Tax Law

Introduction The Sultanate of Oman has recently issued a new Royal Decree which bought a wide-ranging impact on the existing income tax law in the country. This law was published in the official gazette on 26th February 2017. This article aims to share the major highlights and the impacts of the newly introduced amendments. The […]
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Top 10 Highlights of Oman State Budget 2017

Introduction On Sunday, 1st January, 2017 Oman released its state Budget which clearly states Government’s decision to cut spending and reducing the trade deficit. The whole Gulf region is dealing with the crisis because of the sharp fall in oil prices resulting in increased trade deficits of all the countries in the region. Moreover, Oman […]

Switzerland, Oman Sign DTA

Switzerland and Oman have signed a new double tax agreement (DTA) that sets withholding tax rates for dividends, interest, and royalty income. Under the DTA, dividends will be taxed at a maximum rate of 15 percent at source. Dividend payments from significant holdings will be subject to a five percent rate in the source state. […]