According to an update from the OECD, Oman signed on 16 July 2020 the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA). Oman has not yet implemented CbC reporting requirements, although draft amendments to the Income Tax Law were recently presented to Oman's Shura Council for consideration, including amendments for the introduction of CbC reporting requirements.