close

Newsroom

MGI Worldwide accountancy network member firm, MGI Vision Chartered Accountants, publishes white paper detailing amendments to Income Tax Laws in Oman

25th February 2019

MGI World Full front-page screenshot of MGI Vision white paper

MGI Vision Chartered Accountants, based in Muscat, Oman and members of MGI Worldwide global accounting network since 2016, are pleased to provide fellow members with a brief on the latest amendment to Income Tax Laws of Oman. This ministerial decision, amongst other things, clarifies the position on withholding tax, deductibility of some categories of expenses and the requirements of the tax card. 

Abdul Majid Al Abri, Partner at MGI Vision Chartered Accountants explains:


“This amendment has brought clarity on some long-pending concerns mainly in relation to the applicability of the Withholding tax. Also, increases in limits for managerial remuneration offers slight relief against the removal of OMR 30,000/- taxed at zero rate. Overall, this amendment will further increase compliance to the tax laws in the country and overall tax revenue for the government.”

MGI Vision Chartered Accountants (MGI VCA) is an assurance, tax and consulting firm registered under the commercial laws of Oman, established in the year 2011 by Mr. Abdul Majid Al Abri, an international rank holder CIA, and professional CFE.

Download the full paper HERE

For further information visit the firm’s profile page HERE or the firm’s website HERE

MGI MENA is part of MGI Worldwide, a top 20 ranked global accounting network with some 5,200 independent auditors, accountants and tax experts in over 260 locations around the world.

Read more on Member white papers and Middle East & North Africa

MGI World MGI Asia_Kamdar Desai Patel Whitepaper_518x362

MGI Worldwide accountancy network member firm Kamdar Desai & Patel publish paper on the rules governing External Borrowings for Indian subsidiaries of foreign companies

19th February 2019

India-based MGI Asia member Kamdar Desai & Patel Chartered Accountants, has published a...

MGI World Nov LehmanBrown 518x362.jpg

MGI Asia publishes new whitepaper: Individual Income Tax Reform in the PRC

13th December 2018

MGI Worldwide and MGI Asia are proud to announce the publication of a new whitepaper entitled...

MGI World White paper_China_518x362.jpg

MGI Worldwide member firm LehmanBrown publishes white paper about China's hiring and firing labour law

6th December 2018

LehmanBrown, China-based member firm within the MGI Worldwide global accounting network, has...