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Oman to Introduce Groundbreaking 5% Income Tax in 2028

6/24/2025

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Summary

Story summary

Oman is set to make history as the first Gulf nation to introduce a personal income tax, beginning January 2028. A 5% tax will target individuals earning over 42,000 rials ($109,000) annually, impacting just 1% of the population. This bold step seeks to diversify revenue and lessen dependence on oil, while safeguarding social spending.

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Story summary

Oman is set to make history as the first Gulf nation to introduce a personal income tax, beginning January 2028. A 5% tax will target individuals earning over 42,000 rials ($109,000) annually, impacting just 1% of the population. This bold step seeks to diversify revenue and lessen dependence on oil, while safeguarding social spending.