How could fiscal reforms such as the increase in the corporate tax rate and the proposed value-added tax affect Oman’s appeal to foreign investors?
Oman
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Articles & Analysis | Lower tax rates impact developed and developing economies from The Report: Oman 2019
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...
Articles & Analysis | Oman's telecoms providers show steady growth despite hurdles from The Report: Oman 2019
The sultanate’s economic growth remained under pressure in 2017 due to a global decline in oil prices and lower government spending. As a result, the telecoms sector faced challenges such as stiff competition, regulatory reforms and changes in consumer spending behaviour. Furthermore, an increase in government royalty charges from 7% to 12%,...
Interviews & Viewpoints | Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry : Interview from The Report: Oman 2019
How can the government maintain a prudent fiscal policy while supporting local businesses?
Articles & Analysis | Oman's economic prospects look favourable due to improving energy outlook and diversification from The Report: Oman 2019
Like other GCC states, Oman’s economy is largely driven by oil and gas activity. However, with fewer and more complex hydrocarbons reserves than its neighbours, it is under greater pressure to diversify its economic base. The scale of this challenge was highlighted by recent falling oil prices, which resulted in lower revenues from the...
Articles & Analysis | Government-owned electricity companies sold to boost utilities investment in Oman from The Report: Oman 2019
As the first step in a series of planned privatisations, 2019 should see the partial sale of two government-owned electricity companies: Oman Electricity Transmission Company (OETC) and the Muscat Electricity Distribution Company (MEDC). The motivations for the sell-off strategy are many, ranging from efforts to improve operational efficiency...