A plan by Oman is being closely watched by other governments in the region that are preparing for a future beyond oil.

Monica Mailk, chief economist at Abu Dhabi Commercial Bank, talks about the economic impact of Oman's income tax. She says it ...

Oman plans to levy a personal income tax as part of a broader push to move the sultanate’s economy away from reliance on ...

The issuance of Oman’s first-ever Personal Income Tax Law, enacted under Royal Decree No. 56/2025, is part of the country’s broader efforts to promote fiscal diversification and long-term ...

The tax won’t come into effect until 2028 and the rate is modest compared to Britain where workers pay up to 45pc in income tax. However, the move marks a seismic shift, as Oman looks to reduce ...

Oman will roll out personal income tax in 2028, it announced on Sunday, marking a historic policy shift aimed at fiscal diversification and economic sustainability under Vision 2040.

Oman issued a royal decree to become the first country in the Gulf to impose a personal income tax, its tax authority said on Sunday, as the small oil producer works to diversify its revenue stream.

Oman announced its plans to become the first Gulf nation to impose an income tax on its citizens. The GCC nation plans to impose a 5% tax on the income of 42,000 rials ($109,000) or above.

Oman will introduce a personal income tax to diversify government revenue and reduce reliance on oil. This historic move, the first in the GCC, targets high earners and aligns with Oman Vision 2040.

Oman is set to introduce a personal income tax by 2028 as part of its efforts to diversify its economy away from hydrocarbons ...

Oman is set to introduce personal income tax from January 1, 2028, targeting high-income individuals earning over OMR 42,000 annually. This initiative, under Royal Decree No. 56/2025, aims to ...