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Nov 29, 2006
Oman: Absolute freedom from tax
Rental Income
No personal income taxes are levied in Oman.
Capital Gains Tax
No personal income taxes are levied in Oman.
Corporate Route
As for corporate entities, any gains or profit realized from the use of any land is taxable and is subject to the following rates:
INCOME TAX |
|
| TAXABLE INCOME, OMR (US$) | TAX RATE |
| Up to 30,000 (US$77,716) | exempt |
| Over 30,000 (US$77,716) | 12% |
| Source: Global Property Guide | |
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