Oman to introduce income-tax on top earners

Oman Monday 02/November/2020 10:01 AM
By: Times News Service
Oman to introduce income-tax on top earners
Photo - shutterstock

Muscat: Oman will impose tax on individuals earning higher incomes from 2022, Ministry of Finance said in the mid-term fiscal plan 2020-2024 report.

The government is aiming to increase its revenues to OMR 12.1 billion with a total spending of OMR 12.6 billion by the end of 2024.