Oman–MNE Tax

Asia-Pacific

Corporate tax in the Kingdom of Bahrain—fiction or reality?

April 11, 2022

Raman Ohri, Keypoint, discusses why it’s only a matter of time until Bahrain implements a corporate income tax, which will inevitably be followed by transfer pricing rules.

Africa

UAE announces 9% corporate income tax rate, sets tone on regional corporate tax competition

January 31, 2022

Mourad Chatar and Sarah Bahous, Value Square, discuss the United Arab Emirates’ January 31 announcement that it will implement a federal corporate tax regime at a standard nine percent rate, which will apply to relevant businesses from . . .

Africa

International tax-related information exchange generates billions in revenue, Global Forum reports

November 17, 2021

The automatic exchange of financial account information between countries is linked directly to at least EUR 3 billion in additional tax revenues; it also has contributed, through voluntary disclosure and other programs, to more than EUR 112 billion in additional tax revenues, according to a November 17 . . .

Africa

E-invoicing and interaction with transfer pricing: a Middle East and African perspective

October 25, 2021

Rubeena Dina and Aniruddha Saha, GTS Africa, discuss the global trend of tax authorities’ introducing electronic invoicing requirements and the implications for transfer pricing in the Middle East and Africa . . .

Asia-Pacific

Gulf Cooperation Council countries and businesses prepare for global minimum tax

August 16, 2021

Raman Ohri, Keypoint, discusses the dilemma that the July 1 inclusive framework agreement on a global minimum tax created for Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates . . .

Africa

Profit shifting persists as corporate tax rates drop 30% in 20 years, OECD study finds

July 29, 2021

The OECD’s annual “Corporate Tax Statistics,” released July 29, reports that the statutory corporate income tax rate in 111 reviewed jurisdictions declined from an average of 28.3% in 2000 to . . .

Asia-Pacific

Oman suspends local filing transfer pricing reporting requirement

July 21, 2021

Nour Ali, regional tax consultant at DNV, discusses Oman’s July 7 announcement suspending the country-by-country local filing requirement until . . .

Africa

OECD publishes assessment of cross-border tax dispute resolution in 13 more countries

February 17, 2021

The OECD on February 1 published assessments of the cross-border tax dispute resolution processes in Aruba, Bahrain . . .

Asia-Pacific

Oman State Council proposes draft income tax amendments allowing for exchange of tax information with other countries consistent with international agreements: Times Of Oman→

August 21, 2020

Asia-Pacific

Oman deposits instrument of ratification of BEPS MLI: OECD→

July 7, 2020

Asia-Pacific

Oman restructures tax offices, adds anti-tax avoidance unit: Conrad Prabhu, Oman Daily Observer / Zawya→

June 17, 2020

Africa

Denmark denies coronavirus aid to companies registered in countries on EU list of noncooperative tax jurisdictions: Nikolaj Skydsgaard / Reuters→

April 21, 2020

American Samoa

France’s updated tax blacklist includes Panama Anguilla, Bahamas, Fiji, Guam, BVI, Oman, American Samoa, Samoa, Seychelles, Trinidad and Tobago, US Virgin Islands, Vanuatu: Rosemont International→

January 9, 2020

Africa

Shell publishes country-by-country tax report

December 22, 2019

Oil giant Royal Dutch Shell on December 17 published its country-by-country report data for 2018 on the internet, providing . . .

Africa

Kenya, Oman sign multilateral tax treaty

November 28, 2019

Kenya and Oman on November 28 signed a multilateral tax treaty designed to combat. . .

Americas

OECD seeks feedback on the effectiveness of 13 countries’ cross-border tax dispute resolution processes

November 18, 2019

The OECD today requested input from taxpayers to assist in an assessment of the timeliness and efficiency of the cross-border tax dispute resolution process in Aruba, Bahrain, Barbados,. . .

American Samoa

Netherlands government publishes revised draft list of low tax jurisdictions

October 8, 2019

Jian-Cheng Ku and Rhys Bane of DLA Piper, Amsterdam, discuss the Dutch government’s October 7 release of a draft list of low tax jurisdictions which makes four changes from the previous list. . . .

Africa

Switzerland’s Federal Council approves plan to exchange account data with 19 more country tax administration

May 30, 2019

Davide Anghileri of the University of Lausanne writes that Switzerland’s Federal Council adopted a dispatch yesterday approving the introduction of automatic exchange of financial account information with 19 more countries . . .

American Samoa

Dominica removed from the EU tax blacklist

June 17, 2019

The Council of the EU on June 14 removed Dominica from the . . .

American Samoa

EU Council revises tax blacklist, plans less frequent list updates

May 17, 2019

Davide Anghileri of the University of Lausanne discusses today’s decisions by the EU Council regarding the EU list of non-cooperative tax jurisdictions . . .

Asia-Pacific

Oman to delay 5 percent VAT until 2021: Avalara VATLive→

July 31, 2019

Asia-Pacific

Oman temporarily suspends dividend and interest withholding tax to attract foreign investment: PwC→

May 23, 2019

Asia-Pacific

Oman joins the “Inclusive Framework on BEPS” to fight multinational tax avoidance

October 23, 2017

Oman has joined the “Inclusive Framework on BEPS,” becoming the 103 country to join, the OECD announced October 20. The framework is aimed at curtailing multinational group tax avoidance and improving resolution of tax disputes between nations. By joining the . . .

Asia-Pacific

Sri Lanka, Oman sign tax treaty: Eurasia Review→

August 20, 2018

Africa

Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama, Tunisia sign multilateral treaty on tax avoidance

January 24, 2018

Officials from Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama, and Tunisia today signed a multilateral instrument designed to allow the countries to quickly strengthen their tax treaties with other countries, adding provisions to curtail tax avoidance and improve . . .

Switzerland announces entry into force of tax treaties with Liechtenstein, Oman

November 26, 2016

Davide Anghileri of the University of Lausanne discusses Switzerland’s new tax treaties with Liechtenstein and Oman . . .

Asia-Pacific

Oman delays VAT: Reuters→

December 27, 2017

Africa

Ireland says tax treaty with Ethiopia entered into force, updates status of treaties with Ghana, Oman, South Africa

August 16, 2016

Irish Revenue has announced that a new double taxation agreement with Ethiopia entered into force on August 12. The treaty, signed November 3, 2014, will . . .

Switzerland’s Federal Council adopts dispatch on double taxation treaty with Oman

October 14, 2015

Switzerland’s Federal Council today announced that it has adopted a dispatch on a double taxation agreement signed with Oman on May 22. The agreement has been . . .

Asia-Pacific

UAE says nations still negotiating terms of regional VAT, corporate tax under study

August 19, 2015

The UAE Ministry of Finance’s (MoF) said August 18 that while Gulf Cooperation Council (GCC) countries have agreed to simultaneously launch a value added tax (VAT), the countries have yet to settle. . .

Switzerland and Oman sign new tax treaty

May 22, 2015

Switzerland and Oman on May 22 signed a double taxation agreement, Switzerland’s Federal Department of Finance has announced. The agreement sets the tax rate on dividends in the source country at 5 percent . . .

Japan

Japan-Oman treaty in force as of September 1

August 18, 2014

Japan’s Ministry of Finance has announced that the “Agreement between the Government of Japan and the Government of the Sultanate of Oman for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income”, signed January 9, will enter into force on September 1.

The agreement reduces withholding taxes on dividends to 10 percent . . .

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

May 19 – 20	Tax Council Policy Institute Conference	Washington, D.C.
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