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?
The Middle East
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Articles & Analysis | Oman's alternative investment instruments gain momentum in the markets from The Report: Oman 2019
Muted investor sentiment since 2016 has resulted in a slowdown of activity on Oman’s stock market. Sovereign downgrades by all three major ratings agencies and constricted government spending in the wake of a rapid oil price decline have taken their toll on trading volumes, nudging the exchange’s index into a negative trend over 2018. However...
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%,...
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...
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...