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Oman Provides Tax Incentives for Investment in Tourism Industry

05 July 2019

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Approved Changes

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Oman

Oman has reportedly introduced tax incentives to promote investment in the tourism industry in the Musandam Governorate. This includes that qualifying investments will be eligible for a 10-year corporate income tax exemption, an exemption from municipal tax and tourism tax, and a customs duties exemption on building materials and equipment needed for the construction of tourism projects. The incentives are effective from 1 July 2019.