Accountancy in Oman

>> Tax Treaties in Oman

Avoidance of double taxation

Under the Present tax Law, companies which are liable to pay income tax on their overseas income will be entitled to corresponding tax credit to the extent of Omani tax on foreign income or the foreign tax paid whichever is lower, in those cases where there is no Avoidance of Double Tax Treaty between Government of Sultanate of Oman and government of the foreign country.

Tax credit should be claimed within 2 years from the ending date of the tax year in which the payment of income tax overseas was made.

Where there is an Avoidance of Double Tax Treaty (ADTT) between the Government of Sultanate of Oman and Government of that foreign country, then the Omani company will get suitable tax credit / relief in Oman in accordance with the provisions of the relevant ADTT.


Latest version updated 11th April 2019

Country Breakdown

4.96

Million

Population

OMR

Omani rial

Currency

$ 72.64

Billion

GDP

309,501

km2