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Oman to Implement 5% Income Tax by 2028

6/28/2025

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Summary

Story summary

Oman will introduce a personal income tax (PIT) in 2028, set at 5% for high earners.
The tax applies to individuals earning over OMR 42,000 (US$109,231.8), reducing oil revenue reliance.
Exemptions and deductions will safeguard low- and middle-income earners, supporting Oman’s Vision 2040.
A digital platform for compliance is in development, with guidance materials to be released prior to implementation.

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Story summary

Oman will introduce a personal income tax (PIT) in 2028, set at 5% for high earners.
The tax applies to individuals earning over OMR 42,000 (US$109,231.8), reducing oil revenue reliance.
Exemptions and deductions will safeguard low- and middle-income earners, supporting Oman’s Vision 2040.
A digital platform for compliance is in development, with guidance materials to be released prior to implementation.