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Oman: Taxes and Costs

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Last Updated: 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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