Thursday, March 28, 2024 | Ramadan 17, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Seminar on income tax law changes

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MUSCAT: The Omani-US Centre, in collaboration with Crowe Horwath International will organise a seminar titled “10 Tips You Need to Know about the New Taxes in Oman” on Wednesday at Centara Muscat Hotel.


The seminar will discuss the latest amendments made to the Omani income tax laws.


Davis Kallukaran, Managing Partner of Horwath MAK Ghazali, one of the affiliates of Crowe Horwath International, said that the seminar will provide an opportunity to the Omani business community to get insight on the new tax laws that will be enforced during this year.


He pointed out that the seminar will help members of the Omani-US Business Centre, their customers and the public to understand such changes.


The latest statistics point out that the companies that submitted their tax declarations till date are only 10 per cent of the total number of companies (300,000) registered with the Ministry of Commerce and Industry.


The new laws are expected to fill the gap, increase tax revenues and enhance the businesses of small companies.


— ONA


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