Oman: Establishment of international finance center preferential tax regime
Offering eligible businesses income tax and VAT benefits for up to 50 years
Royal Decree No. 8/2026 establishes the International Financial Center (IFC) in Madinat al Irfan in Muscat, Oman, offering eligible businesses conducting financial and ancillary services within the IFC various tax incentives (including both income tax and value added tax (VAT) benefits) for up to 50 years.
The new law is effective January 13, 2026, and executive regulations providing detailed guidance regarding the conditions applicable to eligibility for the tax incentives are expected to be issued in due course.
Read an April 2026 report prepared by the KPMG member firm in Oman