Executive summaryOman ratified, on 14 September 2020, the automatic exchange of information (AEOI) through Royal Decree No. 118/2020 (RD 118/2020) to support the implementation of the Common Reporting Standard (CRS) developed by the Organisation for Economic Co-operation and Development (OECD). On 17 September 2020, the Chairman of the Tax Authority issued Tax Authority Decision No. 78/2020 (TA Decision 78/2020) outlining related administrative rules.The effective date for the CRS in Oman was 1 July 2019 and the first reporting is due by 31 October 2020 (based on a Circular issued by the Tax Authority on 4 October 2020). Reporting Financial Institutions (such as banks, funds, brokers, custodians and...