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Oman to impose personal income tax on its high earners by 2028
With 2.7 million workers employed in the country – 1.8 million of them expatriates – the tax reform is projected to raise over $285 million annually
SERGEI SAVOSTYANOV/POOL/AFP via Getty Images
Sultan of Oman Haitham bin Tariq visited Russia in April to meet with President Vladimir Putin
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Oman’s Sultan Haitham bin Tarik has approved a personal income tax law to be implemented on individuals earning more than $110,000 annually.
The measure, which will be imposed starting in 2028, positions Oman as the first Gulf state...