Oman has announced it will introduce a personal income tax of 5% on individuals earning more than OMR42,000 annually, starting in 2028.
The move marks the first time the Sultanate will tax individual income, positioning it alongside other Gulf states that are pursuing fiscal reform amid efforts to reduce their reliance on oil.
Oman’s Tax Authority stated that the law aligns with the objectives of Vision 2040, which aims to increase non-oil revenue to 15% of GDP by 2030 and 18% by 2040.
