KPMG webinar reports changes to the income tax law


MUSCAT: KPMG, one of the Sultanate’s leading professional services firms, recently organised a webinar to provide a global audience of more than 200 key decision makers with an update on the sweeping changes introduced to Oman’s income tax law by Royal Decree 9/2017.
Presented by Ashok Hariharan, Partner and Head of Tax for KPMG in the Lower Gulf, and Nimai Vijay, a director with KPMG in Oman, and moderated by Nilesh Ashar, a partner with KPMG in the UAE, the webinar gave the audience a crisp analysis of the key amendments. Ashok Harihan explains, “There were some excellent discussions relating to withholding taxes on fees for services, interest payments and dividends on shares, with a specific focus on foreign persons dealing with Omani establishments.”
The KPMG team answered a wide range of questions from the audience, ranging from how withholding tax should be applied to freight services to the exact wording of changes to the law in Arabic — and why that matters. Vijay Nimai adds, “As a service to our clients, and to Oman’s wider business community, we thought it was important to share what we know with as broad an audience as possible. In fact, a recording of the webinar is still available — along with the brief presentation — on our website:”