Oman: AEOI measures, CRS guidance

Oman: AEOI measures, CRS guidance

Royal Decree No. 118/2020 was published in the official gazette on 20 September 2020 and provides “enabling provisions” to facilitate the automatic exchange of information (AEOI) between tax jurisdictions.

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Oman’s tax authority also issued guidance (Decision 78/2020) detailing the domestic rules for the common reporting standard regime (CRS) regime, and:

  • Aligning with the principles of the international standard on CRS and related commentaries approved by the Organisation for Economic Co-Operation and Development (OECD)
  • Prescribing various compliance due dates and thresholds

As a general rule, a reporting financial institution is required, in respect of the calendar year, to file an electronic return with the tax authority by 31 May of the following year. As of 31 December 2020, a review of pre-existing accounts is required to be made by financial institutions.


Read a September 2020 report [PDF 112 KB] prepared by the KPMG member firm in Oman

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