The government of Oman decided to suspend the application of the 10% withholding tax on Omani-source interest and dividends paid to non-residents with effect from 6 May 2019 and for a period of 3 years which may be extended. The 10% withholding tax on interest and dividends was introduced with effect from 27 February 2017 and the law already provided for relatively wide-ranging exemptions from withholding tax. The decision to suspend the withholding tax on dividends and interest has not yet been formally announced by the government but has been confirmed by the Oman Capital Markets Authority (CMA). According to...