VOL. XL
No. 29
21-July-1997
OMAN
Omani Firms To Pay 10% Tax On Foreign Royalties
A new decree issued by the Omani Minister of National Economy, Mr. Ahmad bin Abdal-Nabi Makki, published in the Official Gazette on 1 July and effectiveimmediately, states that local companies should pay a 10% tax on funds paid to, orreceived from, a foreign company, according to the English-language daily Times of Oman.According to the decree, local companies incur the tax on the payment of royalty, and forrent,...
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