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
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