Oman gets positive rating in tax transparency
The assessment made by the jurisdiction party was based on a comprehensive review of the Sultanate of Oman's compliance with transparency requirements and the exchange of tax information upon request, in accordance with the standards set by the global forum of the Organisation for Economic Co-operation and Development (OECD), as regards transparency and exchange of information.
The assessment process included a field visit made to the Sultanate of Oman by a team of international assessors, in September 2024. The team conferred with experts from the Tax Authority and government departments concerned to assess Oman's transparency and draft a report on Oman's status.
This high ranking reflects Oman's ongoing commitment to establish the principles of transparency and governance and enhance international confidence in the country's tax system. Oman's commitment to global standards also helps combat tax evasion and support joint international efforts in financial and tax areas.
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Muscat: The Sultanate of Oman has been rated as "largely compliant" with international standards in the field of transparency and exchange of tax information. This positive outlook reflects the remarkable progress Oman has made in enhancing the transparency of its tax system. The assessment made by the jurisdiction party was based on a comprehensive review of the Sultanate of Oman's compliance with transparency requirements and the exchange of tax information upon request, in accordance with the standards set by the global forum of the Organisation for Economic Co-operation and Development (OECD), as regards transparency and exchange of information. The assessment process included a field visit made to the Sultanate of Oman by a team of international assessors, in September 2024. The team conferred with experts from the Tax Authority and government departments concerned to assess Oman's transparency and draft a report on Oman's status. This high ranking reflects Oman's ongoing commitment to establish the principles of transparency and governance and enhance international confidence in the country's tax system. Oman's commitment to global standards also helps combat tax evasion and support joint international efforts in financial and tax areas.
