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The Ministry of Finance (MOF) is the governmental body in the Sultanate of Oman responsible for all government financial matters. The current Finance Minister is Sultan bin Salem bin Saeed al-Habsi.
Oman, officially the Sultanate of Oman, is a country in West Asia. It is located on the southeastern coast of the Arabian Peninsula , and overlooks the mouth of the Persian Gulf . It shares land borders with Saudi Arabia , the United Arab Emirates , and Yemen , while sharing maritime borders with Iran and Pakistan .
The economy of Oman is mainly centered around its oil sector, with fishing and trading activities located around its coastal regions. When oil was discovered in 1964, the production and export increased significantly.
This article lists countries alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. The tax percentage for each country listed in the source has been added to the chart.
The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax . Personal income tax includes all applicable taxes, including all unvested social security contributions.
The Capital Market Authority (Arabic: هيئة السوق المالية) is the Oman governments financial regulatory authority responsible for capital markets in Oman. The CMA is responsible for regulating the financial service industry of Oman .
Formerly a maritime empire, Oman is the oldest continuously independent state in the Arab world. It is a member of the United Nations, the Arab League, the Gulf Cooperation Council, the Non-Aligned Movement and the Organisation of Islamic Cooperation. It has oil reserves ranked 22nd globally.
Sultan bin Salim bin Said al-Habsi is the current Minister of Finance of Oman since 18 August 2020. He is also the chairman of Oman Investment Authority. Education. He has an accounting degree from Ain Shams University, Cairo. Career
It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of the Persian Gulf. It shares land borders with Saudi Arabia, United Arab Emirates, and Yemen, while sharing maritime borders with Iran and Pakistan. The capital and largest city is Muscat.
The Ministry of Commerce, Industry & Investment Promotion is the governmental body in the Sultanate of Oman responsible for regulating commerce and industries.