Author: admin

Arabic

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,

and Royal Decree 8/80 Issuing the Civil Service Law and its amendments,

and in pursuance of public interest,

have decreed as follows

Article 1

Hamad bin Mohammed bin Mohsen Al-Rashdi is hereby appointed Undersecretary for Media Affairs.

Article 2

Ahmed bin Salim bin Mubarak Al-Rawas is hereby transferred to the first financial grade of the first circle of the general schedule designated for an undersecretary of a ministry.

Article 3

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

Issued on: 24 Shawwal 1407
Corresponding to: 20 June 1987

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 362 issued on 1 July 1987.

Arabic

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 42/74 Issuing the Oil and Minerals Law,

and the Petroleum Agreement Between the Government of the Sultanate of Oman and International Petroleum Corporation, signed on 4 May 1987 Between the Minister of Oil and Minerals, representing the Government of the Sultanate, and the mentioned company,

and in pursuance of public interest,

have decreed as follows

Article 1

The mentioned petroleum agreement signed on 4 May 1987 Between the Government of the Sultanate of Oman and International Petroleum Corporation is hereby approved.

Article 2

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

Issued on: 22 Shawwal 1407
Corresponding to: 18 June 1987

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 362 issued on 1 July 1987.

Arabic

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,

and the General Statute of the Chamber of Commerce and Industry in the Sultanate of Oman issued on 15 May 1973 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article 1

The following are hereby appointed members of the Board of Directors of the Oman Chamber of Commerce and Industry for a term of four years:

1. Ahmed bin Salim bin Said Al-Marhoon.

2. Said bin Salim bin Abdullah Al-Amri.

3. Mohammed bin Ali bin Mohammed Al-Balushi.

4. Sulaiman bin Saif bin Obaid Al-Azzani.

5. Mohammed bin Abdullah bin Mohammed Al-Maskari.

6. Said bin Amer bin Saif Al-Bahri.

7. Abdullah bin Darwish bin Mohammed Al-Shihi.

Article 2

All that is contrary to this decree is hereby repealed.

Article 3

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

Issued on: 22 Shawwal 1407
Corresponding to: 18 June 1987

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 362 issued on 1 July 1987.

Arabic Auto Translate

Published in Official Gazette 362 issued on 1 July 1987.

Arabic

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 65/77 Reducing Income Tax on Mixed Companies,

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

and in pursuance of public interest,

have decreed as follows

Article 1

With effect from the tax year whose balance sheet is closed on a date subsequent to the entry into force of this decree, income tax on mixed companies in which Omani citizens own a share in their capital is hereby determined in accordance with the following percentages and conditions:

1. Companies in which Omani citizens own more than 50% of the paid-up capital:

(a） The first thirty thousand Rial of net profit is exempt from tax.

(b） The next one hundred and seventy thousand Rial of net profit: 20%.

(c） Any excess of net profit: 25%.

2. Companies in which Omani citizens own between 35% and 50% of the paid-up capital:

(a） The first thirty thousand Rial of net profit is exempt from tax.

(b） The next one hundred and seventy thousand Rial of net profit: 25%.

(c） Any excess of net profit: 30%.

3. For companies in which Omani citizens own less than 35% of the paid-up capital, the rates provided in the Second Schedule attached to the mentioned Royal Decree 47/81 apply.

4. The provisions of the mentioned Royal Decree 65/77 and Royal Decree 47/81 continue to apply to mixed companies operating in the fields of agriculture, fisheries, industry, and mining.

Article 2

This decree must be published in the Official Gazette.

Issued on: 20 Shawwal 1407
Corresponding to: 16 June 1987

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 362 issued on 1 July 1987.

Arabic

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 8/80 Issuing the Civil Service Law and its amendments,

and Royal Decree 38/87 Amending the Formation of the Commercial Dispute Resolution Tribunal and the Statute for Examining Claims and Requests for Arbitration Made Before It,

and in pursuance of public interest,

have decreed as follows

Article 1

Hamad bin Mohammed bin Hamdan Al-Sharji is hereby appointed Deputy President of the Commercial Dispute Resolution Tribunal.

Article 2

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

Issued on: 20 Shawwal 1407
Corresponding to: 16 June 1987

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 362 issued on 1 July 1987.

Arabic Auto Translate

Published in Official Gazette 362 issued on 1 July 1987.