Atheer, 30 July 2023: Oman Ministerial Decision No. 312/2023 on combating commercial concealment has been issued.
The decision comes into force after 90 days from the date its publication on 30t October 2023.
The law includes a definition of concealed trade which is defined as enabling any person to engage in an activity that the laws and royal decrees in force in the Sultanate of Oman do not allow them to practice, whether for their own account or in partnership with others.
The decision stipulates that the Ministry shall encourage citizens and residents by any means and urge them to contribute to limiting and reporting cases of concealed trade.
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