The Oman Capital Markets Authority (CMA) has reportedly published Circular E/3/2017 to clarify the application of the withholding tax on dividends as introduced in Royal Decree 9/2017 ({News-2017-03-02/A/3- previous coverage}). The Royal Decree provides for a 10% withholding tax on dividends paid to a non-resident without a permanent establishment in Oman. According to Circular E/3/2017, the 10% withholding tax only applies for dividends paid by Omani joint-stock companies, and to dividends paid in accordance with the provisions of the Commercial Companies Law. This has been interpreted as meaning that the 10% withholding tax does not apply for dividends paid by...