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Oman’s Tax Landscape: Income Tax, Business Impact, and Global Ties

Sneha Sukumaran Mullakkal

The Sultanate of Oman, long known for its oil and gas wealth, has been making serious efforts to reduce its dependence on hydrocarbons in recent ...

Oman to Introduce Personal Income Tax in 2028,First in GCC

Qatar National Vision 2030 and Viksit Bharat 2047: India and Qatar enter into MoUs to Boost Trade,...

GCC - income tax gulf countries - economic diversification strategies - Taxscan

Do the GCC Countries impose Personal Income Tax on their Residents?

No Denial of GST ITC on Interest-Free Advance Receipts: Bombay HC in L&T, IHI Consortium Case [Read...

Oman might be the First GCC Country to impose Personal Income Tax

Oman is set to break new ground within the GCC by considering the implementation of a personal income tax targeting high-earning individuals, both citizens and expatriates. Currently, no personal...

25% of Licence Fee paid by SET to GCC is fair estimate: ITAT clarifies Taxability on Sum received from ICC events in India [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) clarified the taxability of the sum received from ICC events in India and held that 25% of the Licence Fee paid by SET Satellite...

Oman to Exclude VAT from 2020 Budget

The Oman’s Ministry of Finance has affirmed the exclude of Value Added Tax (VAT) as revenue from the 2020 budget. It was also stated that the VAT regime will not be introduced until 2021. Oman was...

Saudi VAT: House Rent and Government Services are Exempted, says Govt

The Saudi Government, vide its Official twitter account, has clarified that no Value Added Tax (VAT) would be levied on the house rent and Government services in Saudi Arabia. Some of the...