Oman Gazettes Royal Decree on Individual Income Tax Law

The Omani Official Gazette June 30 published Royal Decree No. 56/2025, on the individual income tax law. The law includes measures: 1) imposing a 5 percent individual income tax rate on individuals whose total annual income exceeds the 42,000 Omani riyal (US$109,236) exemption threshold; 2) providing deductions and exemptions that consider education, health, inheritance, zakat, donations, and primary housing; 3) specifying tax calculation procedures; 4) providing conditions for taxpayers to be able to deduct foreign tax amounts from taxes due; 5) explaining that any person charged with tax must submit requested records, documents, information, and invoices related to the tax ...