Home GCCFinance First Income Tax In GCC Approved By Oman’s Parliament

First Income Tax In GCC Approved By Oman’s Parliament

by admin
106 views


Oman is on course to become the first Gulf Cooperation Council (GCC) state to introduce a personal income tax as the sultanate ramps up efforts to boost revenue and diversify its economy away from hydrocarbons. The draft law, approved by Oman’s Parliament in July, has been sent to the State Council for final approval, a decision analysts say is highly anticipated.

The Omani government is planning a levy ranging from 5% to 9%, but its application to citizens and expatriates will be different. Omani citizens will be taxed at a flat…



Source link

You may also like

About Us

GCC Weekly™ curates,  aggregates and disseminate socio-economic, technology and political news about the Gulf Corporation Council (GCC) member countries. Six Middle East countries that make GCC are Bahrain, Oman, Kuwait, Saudi Arabi, Qatar and United Arab Emirates.

 

GCC Weekly™, in collaboration with Arab Newswire, publishes and distributes press releases to media in the GCC countries. For more information on press release distribution, complete the form on the right or contact us by using any of the social media handles shown below.

 

WhatsApp: +1 832-716-2363
Skype: groupwebmedia
Telegram: @groupwebmedia

Contact Us

Recent News

GCC Weekly™ is part of GroupWeb Media Network. © 2025 GroupWeb Media LLC