On 23 December 2015, Oman's Consultative Assembly (lower house of the Council of Oman) reportedly approved changes to the country's tax rates and other measures. The main changes include:

• An increase in the standard corporate tax rate from 12% to 15%;
• The extension of the 55% rate for income from oil sales to income from liquid natural gas sales;
• The removal of the exemption for taxable income…