13 January 2016 The State Council of Oman approves corporate tax rate increase to 15% The State Council of Oman on January 12 approved the proposed changes to the Income Tax Law, Foreign Capital Investment and Insurance Companies Laws for immediate implementation by Royal Decree. The Chairman reiterated that the Committee agreed with the Government and the Majlis Al Shura, the lower house, on the decision to increase the income tax rate to 15% of the taxable income of any Omani company, establishment or business for any tax year. Document ID: 2016-0081 |
