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Oman's Duqm Special Economic Zone Tax Exemption Regulations in Force

14 May 2015

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Approved Changes

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Oman

On 26 April 2015, the head of Oman's Duqm Special Economic Zone (SEZD) authority issued the decision for the regulations on the tax benefits provided in the zone. The decision entered into force on that date. The main benefit is a tax exemption for income from qualifying activities conducted in the SEZD. The period of exemption is 30 years or the term of the lease or usufruct agreement, whichever is shorter. The exemption starts from the starting date of the qualifying activities in the Zone and may be renewed. Other benefits that may be granted for qualifying taxpayers include: 100%...