Benson Formations

Oman delays personal income tax (Update)

As mentioned in our previous article on 18 July 2024, Oman is set to become the first Middle East country to launch personal income tax, originally from January 2025, however its launch has been postponed to approx. 2026 due to the need for further analysis. Oman has recently issued a new draft of PIT with […]

Oman is to introduce personal income tax

Oman is set to become the first GCC (Gulf Cooperation Council) country to implement personal income tax, expected to be introduced in 2025. While analysts foresee other GCC nations eventually adopting similar taxes, the United Arab Emirates (UAE) has confirmed that as of now it has no plans to introduce personal income tax, emphasizing its […]