Oman: Budget for 2022

The general budget for fiscal year 2022 does not include tax proposals

The general budget for fiscal year 2022 does not include tax proposals

The general budget has been presented for fiscal year 2022.

The budget does not include tax proposals, but reflects anticipated tax revenue collections. For instance, the 2022 budget estimates excise tax and value added tax (VAT) revenues will increase by 29.5% in 2022 and that corporate income tax revenues will increase by 16%.

Read a January 2022 report prepared by the KPMG member firm in Oman

 

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