Royal Decree 80/93 Repealing the Tax Exemption for Commercial and Industrial Establishments and Companies Wholly Owned by Omani Nationals

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 47/81 Issuing the Corporate Income Tax Law and its amendments,

Royal Decree 77/89 Issued the Law of the Profit Tax on Commercial and Industrial Enterprises,

and Royal Decree 68/92 Continuing the Tax Exemption for Commercial and Industrial Establishments and Companies Wholly Owned by Omani Nationals,

and in pursuance of public interest,

have decreed as follows

Article I

As of the tax year 1994—which begins on 1 January 1994—both the profits tax on commercial and industrial establishments in regard to commercial and industrial establishments owned or exploited by an Omani natural person alone, and the corporate income tax in regard to companies wholly owned by Omani nationals hereby apply.

Article II

The mentioned Royal Decree 68/92 is hereby repealed, as well as all that is contrary to this decree or in conflict with its provisions.

Article III

This decree must be published in the Official Gazette.

Issued on: 28 Jumada Al-Akhirah 1414
Corresponding to: 12 December 1993

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 517 issued on 15 December 1993.