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Oman Enacts Personal Income Tax Law – Effective 2028

In a historic move, Oman has become the first GCC country to introduce a Personal Income Tax (PIT) regime, marking a significant shift in the region’s fiscal policy.

📅 Effective Date: 1 January 2028
📜 Officially Published: Royal Decree No. 56/2025, issued on 22 June 2025

⚖️ Key Highlights:

✅ Applicable to residents (Omani citizens & expats) spending 183+ days in Oman (taxed on worldwide income)
5% tax rate on annual income above OMR 42,000 (≈ USD 109,000)
Deductible expenses include:

  • Housing loan interest

  • Education and health insurance

  • Charitable donations, zakat, and endowments

  • Freelance-related expenses

  • Rental income costs

Exemptions for:

  • Foreign income (for two years)

  • Sale of residential property

  • Inherited income and gifts

🧭 As Oman advances toward its Vision 2040 goals, this tax signals a broader transition toward diversified, sustainable fiscal policy in the Gulf.

At TrustQore, we help global families and private clients stay ahead of such changes with tailored wealth planning, tax structuring, and cross-border solutions.

📩 Reach out to us to explore how this new law could impact your financial planning strategies.

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