The 1996 Basic Statute of the State (also referred to as the Basic Law) sets out the legal structure of Oman and the functions of the executive and the judiciary, as well as citizens’ personal liberties and public obligations. It provides that Oman’s basic principles include free market economics, cooperation between the public and private...
The new Competition Protection and Monopoly Prevention Law (the Competition Law), which was published in December by Sultani Decree No. 67 of 2014, raises important compliance issues for companies doing business in Oman.
Decreased revenue flows from oil and gas exports are prompting GCC states to look to diversify their economies and income streams and to consider other forms of taxation with increasing urgency. The Oman tax authorities are focusing on increasing their tax revenues, and may be seen to be applying the current tax legislation more rigorously...
A range of tax regulations exists in Oman and varies according to organisational type and provenance.
With the Oman Convention and Exhibition Centre (OCEC) due to open in 2016, the sultanate is taking a major step forward in establishing its position on the regional and global map for meetings, incentives, conferences and exhibitions (MICE). Oman lies within seven hours flying time of around 50% of the world’s population, a geographical...
Oman’s health sector has undergone a significant expansion over the past four decades. Underpinned by a series of five-year development plans, there has been sizeable government investment in facilities and services. At the same time, the sultanate is keen to increase the private sector’s role in health care provision, particularly in the...
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