Plans for an income tax on high earners were mentioned in a bond prospectus published by the ministry in 2020, when the sultanate raised $2 billion in external financing. Silvia Razgova / The National
Oman predicted a fiscal deficit of 1.5 billion rials ($3.9bn) in 2022, down about 32 per cent from the previous year. Victor Besa / The National
A draft law introducing income tax on high earners in Oman was passed on Sunday by the country's Shura Council. AFP
Pending approval from the Council of Ministers and a final endorsement from Sultan Haitham, the tax will then become law. AFP
As the levy for wealthier people becomes more of a reality in Oman, citizens at both ends of the pay scale have expressed mixed reactions. AFP
If a tax on income is introduced, the sultanate would be the first GCC country to do so. AFP
Oman began weighing up plans to introduce income tax on high earners two years ago, as part of the finance ministry's 2020-2024 economic scheme and efforts to reduce the fiscal deficit. Unsplash
Plans for an income tax on high earners were mentioned in a bond prospectus published by the ministry in 2020, when the sultanate raised $2 billion in external financing. Silvia Razgova / The National
Oman predicted a fiscal deficit of 1.5 billion rials ($3.9bn) in 2022, down about 32 per cent from the previous year. Victor Besa / The National
A draft law introducing income tax on high earners in Oman was passed on Sunday by the country's Shura Council. AFP
Pending approval from the Council of Ministers and a final endorsement from Sultan Haitham, the tax will then become law. AFP
As the levy for wealthier people becomes more of a reality in Oman, citizens at both ends of the pay scale have expressed mixed reactions. AFP
If a tax on income is introduced, the sultanate would be the first GCC country to do so. AFP
Oman began weighing up plans to introduce income tax on high earners two years ago, as part of the finance ministry's 2020-2024 economic scheme and efforts to reduce the fiscal deficit. Unsplash
Plans for an income tax on high earners were mentioned in a bond prospectus published by the ministry in 2020, when the sultanate raised $2 billion in external financing. Silvia Razgova / The National
