Category: Royal Decree

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Royal Decree

Royal Decree 41/2020 Amending Some Provisions of the Cultural Heritage Law

2020/41 41/2020

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Royal Decree

Royal Decree 43/2020 Ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting signed by the Sultanate on 26 November 2019,

and after presentation to Majlis Al-Shura,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned convention is hereby ratified in the form attached.

Article II

Competent bodies shall deposit the instrument of ratification of the aforementioned convention in accordance with its provisions.

Article III

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 6 Sha’ban 1441
Corresponding to: 31 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1336 issued on 5 April 2020.

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Royal Decree

Royal Decree 42/2020 Issuing the System of the Tax Authority and Approving Its Organisational Structure

ArabicConsolidated Text

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

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

the Excise Tax Law promulgated by Royal Decree 23/2019,

and Royal Decree 66/2019 Establishing the Tax Authority,

and in pursuance of public interest,

have decreed as follows

Article I

The provisions of the attached Tax Authority System shall apply.

Article II

The organisational structure of the Tax Authority is hereby approved in accordance with the attached annex.

Article III

The Chairman of the Tax Authority shall exercise the competences prescribed to the Minister Responsible for Financial Affairs set out in the aforementioned Income Tax Law and Excise Tax Law, as well as any competences relating to issuing exemptions from income tax wherever they occur in the laws, systems, and royal decrees.

Article IV

The Chairman of the Tax Authority shall issue the necessary regulations and decisions for implementing the provisions of this decree and the attached system, and until they are issued, the regulations and decisions in force shall continue to operate to the degree that they do not contradict with their provisions.

Article V

All that is contrary to this decree and the attached system, or in conflict with their provisions, is hereby repealed.

Article VI

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 6 Sha’ban 1441
Corresponding to: 31 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1336 issued on 5 April 2020.

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Royal Decree

Royal Decree 36/2020 Approving the Petroleum Agreement between the Government of the Sultanate of Oman, Eni Oman BV, and BP Exploration (Epsilon) Limited for Block 77

Arabic We, Haitham bin Tarik, the Sultan of Oman after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96, the Oil and Gas Law promulgated by Royal Decree 8/2011, the Petroleum Agreement between the Government of the Sultanate of Oman, Eni Oman BV, and BP Exploration (Epsilon) Limited for Block 77 signed on 31 July 2019, and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned petroleum agreement is hereby approved.

Article II

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance. Issued on: 30 Rajab 1441 Corresponding to: 25 March 2020

Haitham bin Tarik Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.
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Royal Decree

Royal Decree 38/2020 Approving the Petroleum Agreement Signed between the Government of the Sultanate of Oman, Eni Oman BV, and Oman Oil Company Exploration & Production LLC for Block 47

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

the Oil and Gas Law promulgated by Royal Decree 8/2011,

and the petroleum agreement signed between the Government of the Sultanate of Oman, Eni Oman BV, and Oman Oil Company Exploration & Production LLC for Block 47 signed on 14 January 2019,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned petroleum agreement is hereby approved.

Article II

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 30 Rajab 1441
Corresponding to: 25 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.

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Royal Decree

Royal Decree 35/2020 Approving the Assignment by Biyaq Oilfield Services LLC of 20% of Its Rights and Obligations in the Petroleum Agreement Signed on 20 November 2014 for Block 56 to Tethys Oil Oman Onshore Limited, and the Assignment by Intaj LLC of 20% of Its Rights and Obligations in this Agreement to Biyaq Oilfield Services LLC

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

the Oil and Gas Law promulgated by Royal Decree 8/2011,

Royal Decree 72/2014 Approving the Petroleum Agreement between the Government of the Sultanate of Oman, Medco Arabia Ltd, and Intaj LLC for Block 56,

Royal Decree 12/2019 Approving the Assignment by Medco Arabia Ltd of a Third of Its Rights and Obligations in the Agreement Signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC,

the collection of documents by which Biyaq Oilfield Services LLC assigned 20% of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block 56 to Tethys Oil Oman Onshore Limited, which accepts this assigned,

and the collection of documents by which Intaj LLC assigned 20% of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC, which accepts this assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by Biyaq Oilfield Services LLC of 20% of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block 56 to Tethys Oil Oman Onshore Limited is hereby approved.

Article II

The assignment by Intaj LLC of 20% of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC is hereby approved.

Article III

The final shares of the parties to the agreement are hereby as follows:

50% for Medco Arabia Ltd

25% for Biyaq Oilfield Services LLC

20% for Tethys Oil Oman Onshore Limited

5% for Intaj LLC

Article IV

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 30 Rajab 1441
Corresponding to: 25 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.

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Royal Decree

Royal Decree 40/2020 Approving the Petroleum Agreement between the Government of the Sultanate of Oman, Total E&P Oman Block 12 BV, and PTTEP MENA Ltd for Block 12

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

the Oil and Gas Law promulgated by Royal Decree 8/2011,

and the Petroleum Agreement between the Government of the Sultanate of Oman, Total E&P Oman Block 12 BV, and PTTEP MENA Ltd for Block 12 signed on 19 February 2020,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned petroleum agreement is hereby approved.

Article II

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 30 Rajab 1441
Corresponding to: 25 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.

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Royal Decree

Royal Decree 37/2020 Approving the Petroleum Agreement between the Government of the Sultanate of Oman and each of Mazoon Petrogas (BVI) Limited and Mazoon Petroleum and Gas SAOC for Block 5

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

the Oil and Gas Law promulgated by Royal Decree 8/2011,

and the Petroleum Agreement between the Government of the Sultanate of Oman and each of Mazoon Petrogas (BVI) Limited and Mazoon Petroleum and Gas SAOC for Block 5 signed on 7 August 2019,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned petroleum agreement is hereby approved.

Article II

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 30 Rajab 1441
Corresponding to: 25 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.

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Royal Decree

Royal Decree 34/2020 Ratifying the Convention on Mutual Administrative Assistance in Tax Matters

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

and the Convention on Mutual Administrative Assistance in Tax Matters signed by the Sultanate of Oman on 26 November 2019,

and after presentation to Majlis Al-Shura,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned convention is hereby ratified in the form attached.

Article II

Competent bodies shall deposit the instrument of ratification of the aforementioned convention in accordance with its provisions.

Article III

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance.

Issued on: 30 Rajab 1441
Corresponding to: 25 March 2020

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.

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Royal Decree

Royal Decree 39/2020 Approving the Petroleum Agreement between the Government of the Sultanate of Oman and Shell EP Oman BV for Block 55

Arabic We, Haitham bin Tarik, the Sultan of Oman after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96, the Oil and Gas Law promulgated by Royal Decree 8/2011, and the petroleum agreement between the Government of the Sultanate of Oman and Shell EP Oman BV for Block 55 signed on 10 October 2019, and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned petroleum agreement is hereby approved.

Article II

This decree shall be published in the Official Gazette and shall come into force on the date of its issuance. Issued on: 30 Rajab 1441 Corresponding to: 25 March 2020

Haitham bin Tarik Sultan of Oman

Published in Official Gazette 1335 issued on 29 March 2020.