We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
and the Income Tax Decree of 1971,
and Royal Decree 21/75,
and in pursuance of public interest,
have decreed as follows
Article 1
The exemption prescribed by article 2 of the mentioned Royal Decree 21/75 for companies wholly owned by Omani nationals hereby continues for an additional five-year period from 1 July 1980.
Article 2
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 21 Sha’ban 1400
Corresponding to: 5 July 1980
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 198 issued on 15 July 1980.