Royal Decree 45/86 Extending the Exemption from Income Tax Prescribed for Companies Wholly Owned by Omanis

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,

Royal Decree 61/80 Continuing the Tax Exemption Prescribed by Royal Decree 21/75 for an Additional Five-Year Period From 1 July 1980,

and Royal Decree 47/81 Issuing the Corporate Income Tax Law,

and in pursuance of public interest,

have decreed as follows

Article 1

The exemption prescribed by the mentioned Royal Decree 61/80 for companies wholly owned by Omani nationals hereby continues to apply until the end of December 1986.

Article 2

This decree must be published in the Official Gazette.

Issued on: 22 Shawwal 1406
Corresponding to: 29 July 1986

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 338 issued on 1 July 1986.