AIWorldNewz.com

Oman to Implement Personal Income Tax in 2025

Source: Oman moves to become first Gulf state to impose personal income tax (2025-06-23)

Oman announced it will introduce a personal income tax starting in 2025, becoming the first Gulf Cooperation Council (GCC) country to do so. The move aims to diversify the country's revenue sources and reduce dependence on oil exports, aligning with broader economic reforms under its Vision 2040 plan. The new tax will target individuals earning above a certain threshold, with details on rates and exemptions to be clarified later. The government expects the measure to generate significant revenue while maintaining social welfare programs, signaling a shift in the region's fiscal policies.

More recent coverage