Oman's budget for 2017 was presented on 1 January 2017. In connection with the budget, the Ministry of Finance is planning a number of tax measures to shift reliance on oil and gas revenue that are to be introduced in 2017. These include an increase in the corporate tax rate from 12% to 15%, as well as increases in customs duties, license fees for foreign workers, and new excise taxes on tobacco, alcohol, and sugary drinks. Oman is also expected to introduce rules in 2017 for a value added tax that will apply from 2018 as agreed with the other...