OrbitaxOrbitax

Oman Considering Personal Income Tax as Part of Medium-Term Fiscal Plan

|Proposed Changes|Oman
Oman

Oman's Ministry of Finance has published the Medium-Term Fiscal Plan for 2020 to 2024. With respect to revenue and taxation, one of the key points of the fiscal plan is the possible introduction of a personal income tax on high earners as a new source of revenue to plug the gap in the country's deficit. According to the plan, the government is currently evaluating the tax and how it can best b…

Continue Reading