Oman Tax Rates
Oman does not impose personal income tax. The corporate tax rate is 15%, and a 5% VAT was introduced in April 2021 as part of GCC-wide reforms. Oman has been diversifying its revenue base under Vision 2040, moving away from oil dependency. The Sultanate maintains a simple and business-friendly tax environment.
Top Income Tax Rate
0%
Corporate Tax Rate
15%
VAT / Sales Tax
5%
Capital Gains Tax
15%
Detailed Tax Information
Income Tax Brackets
Oman does not impose personal income tax. There is no tax on employment, investment, or other personal income for residents or expatriates.
| Income Range | Tax Rate |
|---|---|
| OMR 0+ | 0% |
Corporate Tax
Oman's corporate income tax rate is 15% on taxable income exceeding OMR 30,000. Small and medium enterprises (SMEs) registered with the Public Authority for SME Development pay a reduced 3% rate. Oil and gas companies pay rates of 15-55% depending on their concession agreements.
Standard Rate
15%
Small Business Rate
3%
Capital Gains Tax
Capital gains for companies are included in taxable income at the standard 15% corporate rate. Individuals do not pay capital gains tax as there is no personal income tax.
Rate
15%
VAT / Sales Tax
Oman introduced VAT at 5% on April 16, 2021, as part of the GCC VAT framework. Essential goods and services including basic food, healthcare, education, and financial services are zero-rated or exempt. Oman was the fourth GCC country to implement VAT.
Standard Rate
5%
Cryptocurrency Tax
Oman has not introduced specific cryptocurrency tax legislation. The Central Bank of Oman has cautioned against cryptocurrency but has not banned it. Given no personal income tax, individual crypto gains are not taxed.
Tax Treaties
Oman has approximately 40 double taxation agreements, supporting its diversification into international trade and investment.
Treaty Network
40
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Oman
See how much you could save by moving here from your current country.
+$17K
Tax in United States
$24K
24.4% effective
Tax in Oman
$7K
7.0% effective
You Save
71.3%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
