Economy
ESP Effect: Muscat Municipality Suspends Tax Collection For Some Activities In Oman
Muscat: The Muscat Municipality has passed a decision to suspend tax collection in some sectors in a bid to assist companies weather the economic repercussions brought about by the COVID-19 pandemic.
This decision comes following the introduction of the economic stimulus package that aims to mitigate the economic downturn caused by the Coronavirus in the Sultanate.
Also Read: Everything You Need To Know About the Economic Stimulus Plan
Hotels, tourist restaurants, cinemas, and entertainment centers are among those services that will be exempted from paying the tax. The incentive will be extended until December 31, 2021.
A statement issued by the municipality stated: “Following the economic stimulus package mitigating the repercussions of COVID-19, Muscat Municipality taxes collected from hotels, tourist restaurants, cinemas, entertainment centres has been suspended until the end of December 2021.”
Following the economic stimulus package mitigating the repercussions of #COVID19, #Muscat_municipality taxes collected from hotels, tourist restaurants, cinemas, entertainment centres has been suspended until the end of December 2021. pic.twitter.com/tRIpzNGFH2
— بلدية مسقط (@M_Municipality) March 25, 2021
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, November 24
-
Energy2 months ago
Oman and Belgium Strengthen Green Hydrogen Partnership with New Landmark Agreement
-
Energy2 months ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
OER Magazines1 month ago
OER Magazine: December 2024 Edition – The Most Trusted Brands in Oman
-
Technology1 month ago
EXCLUSIVE: Technological Singularity – Will It Become Humanity’s Greatest Leap or Its Most Perilous Step?
-
Oman2 months ago
Oman Braces for Launch of First Experimental Rocket Duqm-1 on 4 December 2024
-
Oman2 months ago
Transport Ministry Issues New Regulation for Security of Ships, Ports
-
Magazines2 months ago
OER Magazine: November 2024 Edition