Tax Treaty between Oman and Portugal has Entered into Force

On 6 July 2017, Portugal published Notice no. 80/2017 in the Official Gazette, announcing the entry into force of the income tax treaty with Oman on 26 July 2017. The treaty, signed 28 April 2015, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Omani income tax, and Portuguese personal income tax, corporate income tax, and surtaxes on corporate income tax.

Withholding Tax Rates

• Dividends - 5% if the beneficial owner is the government or the central b…