Executive summary
On 8 July 2020, the Oman Tax Authority (Tax Authority) announced initiatives to postpone taxes, suspend fines and penalties and extend tax filing deadlines in response to the adverse economic impact on businesses resulting from the COVID-19 pandemic.
Detailed discussion
The Tax Authority has announced the following measures intended to provide relief to businesses under the Income Tax Law:
- Suspension of levy of additional tax resulting from non-payment of income tax payable for the…