The Sultan of Oman reportedly gave final approval on 9 March 2021 for an economic stimulus plan as part of "Oman Vision 2040", which is the government plan for diversifying the country's economy to reduce its reliance on oil revenue. The stimulus plan includes several tax incentives as follows:
- An income tax exemption for all companies that operate in economic diversification sectors for a period of five years beginning from the date of registration in the Commercial Registry during the peri…