Oman: Income Tax on Wealthy Under Consideration
Oman’s Government is considering introducing an income tax on the wealthy in the Sultanate. The measure is being considered as the Sultanate tries to address an increasing budget deficit. The Government are also considering reforming public service subsidy schemes, increasing power and water tariffs, strengthening tax compliance and administration, rationalising expenditure and boosting efficiency. They are also considering liberalising visa regimes for tourists and introducing labour reforms.