The Omani government has introduced broad tax changes to the Income Tax Law by Royal Decree 9/2017 promulgated on 26 February 2017. The changes are aimed at increasing tax revenue, improving tax administration, and stimulating small business activity.
The corporate tax rate increased from 12% to 15%. Another notable change is the extension of withholding tax (WHT) to dividends, interest, and payments for services.
These changes became effective from the date of publication in the Official Gazette (i.e. 27 February 2017).