OrbitaxOrbitax

Oman Provides Tax Incentives for Investment in Tourism Industry

|Approved Changes|Oman
Oman

Oman has reportedly introduced tax incentives to promote investment in the tourism industry in the Musandam Governorate. This includes that qualifying investments will be eligible for a 10-year corporate income tax exemption, an exemption from municipal tax and tourism tax, and a customs duties exemption on building materials and equipment needed for the construction of tourism projects. The in…

Continue Reading