8.1.2. Other Taxes
The following table provides an overview of other taxes that may be imposed on a company doing business in the country.
| Tax Type | Rate(s) | Notes |
|---|---|---|
| Capital Duty | N/A | N/A |
| Payroll Tax | N/A | N/A |
| Social Security Employer Contribution | 11.50% | Employer contributions are equal to 11.5% of gross monthly salary and include a 10.5% contribution for social security and a 1% contribution for work-related injury insurance. Effective 1 January 2021, employers are required to contribute to the employment security system at the rate of 1% of the monthly salaryof employees. The employment security system is an unemployment insurance system introduced for Omani nationals whose jobs have been terminated. |
| Social Security Employee Contribution | 7% | Employee contributions are equal to 7% of the gross monthly salary. Effective 1 January 2021, employees are required to contribute 1% of their monthly salary towards the employment security system which is an unemployment insurance system introduced for Omani nationals whose jobs have been terminated. The contribution will be withheld by the employer. |
| Property Tax | N/A | N/A |
| Transfer Tax | N/A | N/A |
| Stamp Duty | 5% | Stamp duty at the rate of 5% applies for transfers of immovable property. |
| Excise Taxes | 50% to 100% | The excise tax was introduced in 2019 at the rate of 100% on tobacco, energy drinks, and specified goods including alcohol and pork products, and 50% on carbonated drinks. Effective 1 October 2020, the excise tax will also be levied on ready to drink beverages sweetened with added sugar of any kind at the rate of 50%. However, 100% fruit juices and milk products containing at least 75% milk are excluded. |
| Customs Duty | 5% | Customs duty is levied at the general rate of 5% on most goods imported from outside Gulf Cooperation Council (GCC) Member States. |
| Municipal Taxes | Varies | Municipalities may impose certain consumption taxes, property rents taxes, and others. In response to the COVID-19 pandemic, effective 31 March 2020, Oman exempted restaurants and commercial establishments from municipal tax till 31 August 2020. |