Corporate – Taxes on corporate income
Last reviewed – 18 September 2024 The Income Tax Law seeks to tax worldwide income of entities formed in Oman and the Oman-source income of branches and other forms of permanent establishment (PE). The rate of income tax is uniform for all types of business entities, regardless of whether it is a corporate entity and/or […]
Corporate – Significant developments
Last reviewed – 18 September 2024On 30 May 2024, the Sultanate of Oman and the Republic of Ireland (‘the contracting states‘) signed a Double Tax Avoidance Agreement (DTAA). The date that this agreement goes into effect is subject to completion of administrative procedures. On 8 June 2023, Oman and Russia (‘the contracting states‘) signed a […]
Corporate – Withholding taxes
Last reviewed – 18 September 2024 Foreign companies that do not have a PE in Oman for tax purposes and that derive income from Oman in the nature of the following are subject to WHT at 10% of gross income from such sources: While dividends and interest were initially included in the list above, a Royal […]