Officials from Ireland and Oman signed an income tax treaty on 30 May, 2024, marking the first agreement of its kind between the two nations.
The agreement was signed by Nasser Khamis Al Jashmi, Chairman of the Tax Authority, and Gerard Cunningham, Ambassador of the Republic of Ireland to the Sultanate of Oman, in Muscat.
The agreement is for the avoidance of double taxation and pertains to taxes on income and the prevention of tax evasion between the governments of the two countries.
It provides legal protection for investors, to spare them the imposition of double taxes. It also regulates the mechanisms of tax application in a manner that enhances investments and trade exchange between the two countries.
The treaty will become effective following the exchange of ratification instruments.
