No. 52



Omani Tax Reform In Prospect

Long-awaited reform of the Omani corporation tax regime is believed to be imminent. Bankers in Muscat and the Gulf say that the legislation is now finalized and awaits the signature of Sultan Qaboos bin Said but what is still not clear is the nature of the reforms about to be enacted - and more particularly the threshold of foreign shareholding that will trigger the higher rate of taxation. With a number of large...