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Royal Decree

Royal Decree 1/2025 Ratifying the General Budget of the State for Fiscal Year 2025

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

and the Financial Law promulgated by Royal Decree 47/98,

and after presentation to Majlis Oman,

and in pursuance of public interest,

have decreed as follows

Article I

The General Budget of the State for Fiscal Year 2025 is hereby ratified in accordance with the attached schedules.

Article II

All units of the administrative apparatus of the state and other public legal persons shall implement the provisions of this decree each within its competence.

Article III

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

Issued on: 1 Rajab 1446
Corresponding to: 1 January 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1578 issued on 5 January 2025.


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Categories
Circular

Ministry of Finance: Circular 5/2024 regarding the Issuance of the System of Signing Contracts and Financial Commitments of the State


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Categories
Circular

Central Bank of Oman: Circular RD/SDD/2024/325 Enhancing Fraud Awareness


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Circular

Central Bank of Oman: Circular RD/SDD/2024/306 Data Sharing request


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Royal Decree

Royal Decree 72/2024 Approving the Concession Agreement for the Extraction and Processing of Salt from Seawater between the Sultanate of Oman and Naqa Salt LLC for Block 51K

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Mineral Resources Law promulgated by Royal Decree 19/2019,

and the Concession Agreement for the Extraction and Processing of Salt from Seawater between the Sultanate of Oman and Naqa Salt LLC for Block 51K signed on 11 December 2024,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned Concession Agreement for the Extraction and Processing of Salt from Seawater is hereby approved.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

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.

Categories
Royal Decree

Royal Decree 70/2024 Issuing 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.


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Circular

Central Bank of Oman: Circular RD/SDD/CB/273/2024 Risk Weight for facilities guaranteed by credit insurance from Credit Oman S.A.O.C


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Circular

Central Bank of Oman: Circular SDD/CBS/CB/2024/331 Annual License Fee for the year 2024


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Circular

Central Bank of Oman: Circular RD/SDD/2024/281 Early Settlement Charges on Sale-Based Financing Contracts for Retail Customers


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Categories
Royal Decree

Royal Decree 71/2024 Ratifying the Framework Agreement for the Establishment of Private Sector Operations Between the Sultanate of Oman and the OPEC Fund for International Development (OPEC Fund)

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

and the Framework Agreement for the Establishment of Private Sector Operations Between the Sultanate of Oman and the OPEC Fund for International Development (OPEC Fund) signed in Washington DC on 23 October 2024,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned agreement is hereby ratified in the form attached.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

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.


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