Oman: Enacted income tax measures include AEOI amendments, tax residency provisions

Oman: Enacted income tax measures, AEOI amendments

Royal Decree No. 118/2020 was published in the official gazette on 20 September 2020 and includes amendments to the income tax law that:


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  • Aim to facilitate the automatic exchange of information (AEOI) between tax jurisdictions
  • Introduce tax residency provisions
  • Establish a requirement to file only one tax return but within four months from the end of the relevant tax year or accounting period
  • Give effect to any reciprocal agreement concluded under international agreements dealing with taxation matters, such as mutual agreement procedures (MAP) under income tax treaties
  • Extend general anti avoidance rules (GAAR) to cover transactions or arrangements whose main purpose is to avoid compliance with obligations under the income tax law

KPMG observation

Tax professionals expect that the legislation implementing country-by-country reporting would be introduced soon.

Read a September 2020 report prepared by the KPMG member firm in Oman 

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