Oman
Oman to introduce income tax on high-income earners
The International Monetary Fund has announced that Oman plans to introduce income tax on high-income earners as part of its medium-term fiscal balance plan.
When introduced, Oman will be the first country in the GCC to levy income tax in the region. It is expected that Oman can introduce income tax in 2022.
The Fund also recommended the development of a sovereign asset and liability management framework, given eroding financial buffers and rising contingent liabilities.
