Tax - Middle East News 247
February 9, 2025
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Tax

Business Oman

Oman levies 15% tax on multinationals

Effective January 1, 2025 Oman—the oldest independent state in the Arab world—introduced a minimum top-up tax (DMTT) of 15% on multinational companies effective January 1, 2025, following a royal decree issued by Sultan Haitham bin Tariq. The tax applies to multinationals with consolidated annual revenue exceeding $779.2 million. However, after a recent meeting of its […]