Royal Decree 7/87 Extending the Exemption from Income Tax Prescribed for 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 Royal Decree 45/86 Extending the Exemption from Income Tax Prescribed for Companies Wholly Owned by Omanis,

and in pursuance of public interest,

have decreed as follows

Article 1

The exemption prescribed by the mentioned Royal Decree 45/86 for companies wholly owned by Omani nationals hereby continues until the end of December 1987.

Article 2

This decree must be published in the Official Gazette.

Issued on: 16 Jumada Al-Akhira 1407
Corresponding to: 15 February 1987

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 354 issued on 1 March 1987.