According to recent reports, the Sultan of Oman Qaboos bin Said issued Royal Decree 9/2017 on 19 February 2017 to enact a number of changes to the Income Tax Law 2010. Changes include:

• The standard corporate tax rate is increased from 12% to 15%;
• Tax exemptions for certain industries and small businesses are removed;
• A 3% flat tax rate is introduced for small business; and
• A 10% withholding ta…