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Oman - first country of Middle East to impose Income Tax.

Reason - to reduce dependency on Oil.

Impact - FII and FDI may be impacted.

Other Middle East Countries may follow the same. This can impact the Indian Labour working in the Middle East because if Middle East countries will impose income tax, company's profit may be impacted and they will invest less in future projects.

The tax will be imposed starting 2028.

Oman is the first GCC country to do so.

Mudit Gupta - UPSC and Beyond.....
Oman - first country of Middle East to impose Income Tax.

Reason - to reduce dependency on Oil.

Impact - FII and FDI may be impacted.

Other Middle East Countries may follow the same. This can impact the Indian Labour working in the Middle East because if Middle East countries will impose income tax, company's profit may be impacted and they will invest less in future projects.

The tax will be imposed starting 2028.

Oman is the first GCC country to do so.
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Mudit Gupta - UPSC and Beyond.....



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Oman - first country of Middle East to impose Income Tax.

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