Oman: Tax relief measures (COVID-19)

Oman: Tax relief measures (COVID-19)

Tax relief measures are included in an economic relief package provided by the government in response to the coronavirus (COVID-19) pandemic.

1000

Related content

In particular, there are corporate tax relief measures such as:

  • Deferral of tax return filing and tax payment of tax by up to three months from the due date
  • Exemption from all penalties related to deferred filing and tax payments
  • Tax deductions for donations or contributions made in response to the COVID-19 pandemic
  • Flexible tax payment mechanisms, extension of time for objecting to tax assessments, and additional time to submit supporting documents and clarifications for ongoing tax proceedings.

Other tax relief measures include exemptions from tourist and municipality tax (applicable at a rate of 4%) for restaurants until 31 August 2020, and from municipality tax (applicable at a rate of 5%) for commercial establishments until 31 August 2020.


Read an April 2020 report prepared by the KPMG member firm in Oman

Read also an April 2020 report prepared by KPMG International

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal