According to an update from the Oman Tax Authority, the income tax treaty with Sri Lanka has entered into force and generally applies from 1 January 2020. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Oman income tax and Sri Lanka income tax, including the income tax based on the turnover of enterprises.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes ser…