Oman to become first Gulf state to roll out income tax to plug gap in oil revenues

摘要

Oman is considering plans to introduce an income tax on high earners from 2022 in a bid to tackle its rising fiscal deficit, which has widened as commodity prices have fallen. Oman’s proposed income tax would mark a first among the Gulf states, with regional peers expected to keep close tabs on the move as they grapple with a record jump in debt this year due to the crude price plunge.