Muscat: When Oman introduced VAT in 2021, the question was whether it would stick. Four years on, the answer is in the numbers. Value-added tax generated RO 631 million in 2025, exceeding the budget estimate of RO 580 million and placing it within touching distance of corporate income tax — the government’s single largest non-oil […]
Muscat: In line with the Royal Directives of His Majesty Sultan Haitham bin Tarik to enhance the efficiency of government and financial services, improve the business environment, advance digital transformation and stimulate economic growth, the Central Bank of Oman (CBO) has announced the implementation of comprehensive reforms to National Payment Systems fees. The reforms include […]
Muscat – The Central Bank of Oman (CBO) has announced the approved fee structure for the national payment card “Maal” consumer Debit and Prepaid card. The announcement of the “Maal” card fee structure comes in conjunction with the announcement of the pilot launch of the card on November 20, coinciding with the celebration of Oman’s […]
