Oman: Absolute freedom from tax

Taxation Researcher | November 03, 2017

INDIVIDUAL TAXATION

There are no personal income taxes in Oman.

INCOME TAX

Nonresidents earning trade or business income exceeding OMR30,000 (US$60,000) are taxed at a flat rate of 12%.

INCOME TAX 2016

TAXABLE INCOME, OMR (US$)
TAX BASE
Up to 30,000 (US$60,000)
0%
Over 30,000 (US$60,000) 15% on all income over US$60,000
Source: Global Property Guide

INCOME TAX 2015

TAXABLE INCOME, OMR (US$)
TAX BASE
Up to 30,000 (US$60,000)
0%
Over 30,000 (US$60,000) 12% on all income over US$60,000
Source: Global Property Guide

RENTAL INCOME
Rental income is taxed at a flat rate of 3%, payable by the landlord. Income-generating expenses are deductible from rental income only if the rental agreement is registered with the government authority.

CAPITAL GAINS
There are also no taxes levied on capital gains realized by individuals, unless it is derived from a business or professional activity.

Capital gains derived from a business or professional activity are subject to income tax at 15%.

PROPERTY TAX

There are no property taxes in Oman.

CORPORATE TAXATION

INCOME TAX
Companies earning income and capital gains are liable to corporate income tax, which is levied at progressive rates. Income-generating expenses are deductible when calculating the taxable income.

INCOME TAX 2016

TAXABLE INCOME, OMR (US$)
TAX BASE
Up to 30,000 (US$60,000)
0%
Over 30,000 (US$60,000) 15% on all income over US$60,000
Source: Global Property Guide

INCOME TAX 2015

TAXABLE INCOME, OMR (US$)
TAX BASE
Up to 30,000 (US$60,000)
0%
Over 30,000 (US$60,000) 12% on all income over US$60,000
Source: Global Property Guide
 

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