Sultan Haitham bin Tariq, Sultan of Oman, issued a decree to issue the tax on individuals income, in a legislative move, the first of its kind, as part of the state’s efforts to enhance financial sustainability and diversify the sources of income.
According to a publication of the government communication center, the official in the Sultanate of Oman, the law will determine how to submit the tax declaration in accordance with the preparatory form.
The decree stipulated the work of the new law as of January 1, 2028, provided that the head of the Tax Authority issues the executive regulations within a year from the date of publication, in addition to the decisions necessary to implement its provisions.
The issuance of the law came after reviewing the statute of the state and a number of related laws, including income tax laws, value -added tax, electronic transactions, and the tax system, and after its presentation to the Oman Council, and in light of what is required by the public interest.
It is expected that this step will pave the way for establishing a more comprehensive and fair tax system, which reinforces the efficiency of collection and supports the economic transformation process in the Sultanate.
The Omani Ministry of Economy said that the income tax on individuals applies to a percentage not exceeding 1% of the population, and directs its outcome to support the social protection system in all its categories, in a way that contributes to achieving financial balance and enhancing societal stability.
