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  - WN.COM - World - 23/Jun 09:22

Oman personal income tax: Key FAQs, exemptions, calculations explained

Oman will roll out personal income tax in 2028, it announced on Sunday, marking a historic policy shift aimed at fiscal diversification and economic sustainability under Vision 2040. Here are some FAQs: When is the law coming into effect? The Personal Income Tax Law will be implemented on January 1, 2028. What is the tax rate? The tax rate has been set at 5 percent. Also Read: Oman wants Salalah to be a property investment destination too - here's how Will everyone be taxed? No, the tax will only apply to individuals earning over OMR 42,000 annually. This implies that...

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