Oman: Removal from EU “blacklist” of non-cooperative jurisdictions
Oman: Removal from EU “blacklist”
Oman has been removed from the European Union (EU) “blacklist” of non-cooperative tax jurisdictions.
The EU Council on 6 October 2020 announced that Oman has been removed from the EU blacklist and is no longer regarded as a non-cooperative tax jurisdiction by the EU. Read TaxNewsFlash
This action comes after a series of reforms introduced by Oman to improve its tax policy framework as well as steps taken by Oman to activate its exchange of information relationship with all EU Member States.
Read an October 2020 report prepared by the KPMG member firm in Oman
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.