Oman Published Royal Decree No. 70/2024 introducing the Supplementary Tax Law in the Official Gazette on 5 January 2025. As previously reported, the Law provides for the introduction of a qualified domestic minimum top-up tax (QDMTT) to ensure a minimum effective tax rate of 15%. Further, the Law provides for the introduction of an Income Inclusion Rule (IIR). The Law applies to entities in Oman that are members of MNE groups with annual revenue equal to or greater than the OMR equivalent of EUR 750 million and is effective from 1 January 2025. The Law, which is relatively brief, states...