09 Apr 2017
(MENAFN) Corporate income tax revenue of the Oman government will reach OMR500mn this year since withholding tax amendments are effective from February 2017.
Accordingly, the government will surpass the budgeted profits of OMR400mn, while they are expected to exceed OMR500mn this year.
Moreover, rates have increased by 25 percent apart from the OMR30.000 exemption being removed, while revenues may not grow proportionately.
In addition, the number of firms that are obtained to pay tax would grow as now even an OMR100 profit would result in a tax liability.
MENAFN0904201700450000ID1095378424
MENAFN0904201700450000ID1095378424
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more