Oman: Tax remittances
Oman government shall impose tax on the remittances sent by foreign workers to their home countries. This is advised by the economic and financial committee of Oman. In order to ease growing pressure on the state budget, two percent tax is to be
See MoreOman: Clarification of tax rules
The Oman government has clarified that the tax rules in Oman require the following: Within three months from the date of incorporation or commencement of activities, taxpayers must be registered with the Omani tax authorities and if there is any
See MoreOman: VAT could be introduced by 2016
For implementing a value added tax (VAT), the Oman government is considering a framework. This would be generally in line with guidance from the Gulf Cooperation Council, an organization of which Oman is a member. VAT system could be implemented in
See MoreTax treaty signed between Germany and Oman
A double taxation treaty between Germany and Oman was signed in Muscat on 15 August 2012. This follows the conclusion of a bilateral investment promotion and protection treaty which was signed in 2010. The double taxation treaty generally follows
See MoreOman ratifies the pending Oman-Germany DTA
Oman's Sultan, Qaboos bin Said al Said ratified the pending Oman-Germany double taxation agreement (DTA) on November 25,
See MoreOman and the Czech Republic to begin negotiations towards a bilateral DTA
On June 5, 2012, Oman and the Czech Republic will begin negotiations towards a bilateral double taxation agreement (DTA), the Czech Embassy in Riyadh has
See MoreOman and Netherlands DTA will in force from 1 January 2012
It has been reported that the income tax treaty between the Sultanate of Oman and the Kingdom of the Netherlands has been approved by both the Omani and Dutch parliaments. As a result, the treaty will enter into force on January 1, 2012. The treaty
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