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Oman — Orbitax Country Chapters
5.1. Tax Base for Resident Entities

Omani companies are subject to tax on their worldwide income. Income is defined as income from all sources, unless specifically exempt, less allowable deductions. A credit is allowed for foreign tax on income assessed to profit tax in Oman. The credit is capped at the amount of the Omani profit tax on the same income.

Gains derived from transfer of assets, shares, etc. are considered as ‘ordinary income’ and subject to tax at the standard corporate tax rates. However, gains from sales of securities (i.e. listed on the Muscat stock exchange) are exempt from taxation.

Dividend received by Omani resident entities are exempt from taxation. However, foreign-source dividends are taxable at the standard corporate tax rates.