Oman issues Supplementary Tax Law for certain multinational enterprises
|Tax Alerts, Information Reporting, Natio ...|Oman
Oman has published Royal Decree No. 70/2024, regarding the implementation of supplementary tax on multinational enterprises.
The Decree introduces a Domestic Minimum Top-Up Tax and an Income Inclusion Rule that will apply to multinational enterprises operating in Oman with a consolidated annual revenue amounting to or exceeding the Omani Rial equivalent of €750m in two of the last four fiscal years.
Businesses should review the provisions of Royal Decree No. 70/2024 and carry out appropriate impac…
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