OrbitaxOrbitax

Oman Provides Tax Incentives for Investment in Tourism Industry

|Approved Changes|Oman
Oman

Oman has reportedly introduced tax incentives to promote investment in the tourism industry in the Musandam Governorate. This includes that qualifying investments will be eligible for a 10-year corporate income tax exemption, an exemption from municipal tax and tourism tax, and a customs duties exemption on building materials and equipment needed for the construction of tourism projects. The incentives are effective from 1 July 2019.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.