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Oman won’t implement income tax on higher earners in 2024: Report

Banking & Finance

Oman has no plans to introduce income tax on high earners in 2024, according to a report in The Arabian Stories (TAS).

Quoting a Ministry of Finance official on Wednesday, TAS said the government has no plans to introduce “any form of new taxes soon.”

The state budget projects non-oil revenue growth to be driven by stronger economic activity, while the Ministry of Finance expects Oman’s economy to achieve a growth of at least 3% during 2024.

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