• Oman

    • His Majesty Sultan Haitham issues Royal Decree amending some provision of Income Tax Law

    By on September 16, 2020
    Image Credit: 📸:Omanpics
    Image Credit: 📸:Omanpics

    Muscat: His Majesty Sultan Haitham bin Tarik, may God preserve and protect him, on Monday issued a Royal Decree amending some provisions of the Income Tax Law.

    We, Haitham bin Tarik, Sultan of Oman,

    After perusal of the Basic Law of the State and based on the requirements of the public interest,

    The Royal Decree which follows.

    Royal Decree No. 118/2020 amending some provisions of the Income Tax Law

    Article one

    States that the attached amendments in this decree shall be applied to the above mentioned Income Tax Law

    Article two

    The phrase “Minister of Finance” wherever it appears in the Royal Decree No. 28/2009, shall be replaced with the phrase as “Chairman of the Tax Authority.”

    Article Three

    Cancels all that contradicts this decree and the attached amendments or contravenes their provisions

    Article IV

    This decree shall be published in the Official Gazette and enforced from the day following the date of its publication, with the exception of Article 140 of the above mentioned Income Tax Law, and it shall be enforced with effect from the tax year beginning on January 1, 2020, or its succeeding tax years.

    Issued on 25 Muharram 1442 AH
    corresponding to 14 September 2020

    Article 140 of the Income Tax Law was issued

    The final declaration for any tax year must be submitted before the expiration of six months starting from the end date of that year or from the end date of the accounting period for which the return is prepared, or the last accounting period in the case of multiple accounting periods, whichever is the earlier date.

    Source: omannewsagency

    more recommended stories

    Leave a Comment

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.