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Oman issues Supplementary Tax Law for certain multinational enterprises

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Oman

  • Oman has published Royal Decree No. 70/2024, regarding the implementation of supplementary tax on multinational enterprises.
  • The Decree introduces a Domestic Minimum Top-Up Tax and an Income Inclusion Rule that will apply to multinational enterprises operating in Oman with a consolidated annual revenue amounting to or exceeding the Omani Rial equivalent of €750m in two of the last four fiscal years…

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