#income tax

Oman is planning a second debt sale in 2021 with dollar sukuk

Oman successfully tapped the international debt market in January, raising $3.25bn

Oman

Oman plans to levy income tax on wealthy individuals starting 2022

The International Monetary Fund sees Oman’s economy shrinking 10 per cent this year

Saudi Arabia

Saudi Arabia refutes reports that it is mulling income tax

An official within the government added that the “issue is fundamentally not for discussion”

Revamping tax regimes in the digital economy

A consensus seems to be developing that tax regimes need to adopt a global approach to confront challenges posed by technological advances