Oman: Powers to allow tax exemptions granted to Minister of Finance

Royal Decree issued granting the Minister of Finance powers to allow tax exemptions

Royal Decree issued granting the Minister of Finance powers to allow tax exemptions

The Prime Minister of Oman on 9 November 2023 issued Royal Decree No. 80/2023 (RD 80/23) allowing the Minister of Finance to grant tax exemptions under the following:

  • Oman Income Tax Law promulgated by Royal Decree 28/2009
  • Oman Excise Tax Law promulgated by Royal Decree 23/2019
  • Oman Value Added Tax Law promulgated by Royal Decree 121/2020

RD 80/23 is effective from the date of its issuance, i.e., 9 November 2023.

The tax legislation mentioned above allows taxpayers various exemptions, subject to the satisfaction of specified conditions and approval of the Oman tax authority. Currently, an application for such exemptions is required to be filed either directly with the tax authority or with specified authorities who (after review) forward these for final approval to the tax authority. With the issuance of RD 80/23, taxpayers who have already filed applications that are pending disposal, as well as those planning to apply, need to consult the respective authorities to understand the new application/decision process.

Read a November 2023 report prepared by the KPMG member firm in Oman


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.