_2.jpg?itok=XEABuHuU "Single Expats Are Not Allowed to Live Alone in This Part of Oman")
For the first time in Oman, expat employees will have to pay personal income tax on their earnings
18 July 2024
| Last updated on 18 July 2024
The Sultanate state will be the first GCC country to implement income tax.
Personal income tax is on the cards for Oman, expected to be implemented some time in 2025.
The Personal Income Tax (PIT) bill was initially drafted to the State Council back in 2020, and it is now reaching the end of legislative approvals.
Oman will be the first country in the Gulf Cooperation Council (GCC) to officially introduce personal income tax.
What about the other GCC nations?
Haji Al Khouri, Undersecretary to the UAE’s Ministry of Finance, informed Khaleej Times that the emirates currently has no plans to implement personal income tax.
No word yet whether Saudi Arabia, Bahrain, Kuwait, or Qatar are also planning to introduce personal income tax after Oman.
Earning a tax-free income is one of the benefits that attracts highly skilled talents to the GCC region, where foreign expatriates are majority of the population.
In Oman, around 42% of the total population are expats (an estimated 2.2 million foreign workers). The UAE sees a larger expat community, as an estimated 88% of the nation's population are expats.
_2.jpg?itok=j80YWwf- "Single Expats Are Not Allowed to Live Alone in This Part of Oman")
