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Oman Considering Personal Income Tax as Part of Medium-Term Fiscal Plan

|Proposed Changes|Oman
Oman

Oman's Ministry of Finance has published the Medium-Term Fiscal Plan for 2020 to 2024. With respect to revenue and taxation, one of the key points of the fiscal plan is the possible introduction of a personal income tax on high earners as a new source of revenue to plug the gap in the country's deficit. According to the plan, the government is currently evaluating the tax and how it can best b…