Royal Decree 70/2024 Promulgating the Law of the Top-Up Tax on Constituent Entities of Multinational Groups

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

and the Income Tax Law promulgated by Royal Decree 28/2009,

and in pursuance of public interest,

have decreed as follows

Article I

The provisions of the attached Law of the Top-Up Tax on Constituent Entities of Multinational Groups hereby apply.

Article II

The Chairman of the Tax Authority shall issue the executive regulation of the attached law and shall also issue the necessary regulations and decisions for implementing its provisions.

Article III

All that is contrary to the attached law, or in conflict with its provisions, is hereby repealed.

Article IV

This decree must be published in the Official Gazette, and comes into force on 1 January 2025.

Issued on: 29 Jumada Al-Akhira 1446
Corresponding to: 31 December 2024

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1578 issued on 5 January 2025.