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
-
Banking & Finance2 months agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News2 months agoJamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
-
OER Magazines2 months agoOER, December 2025
-
News2 months agoAI Security Conference 2025 Hosted by Securado Highlights the Changing Cybersecurity Landscape
-
Insurance1 month agoSupporting Community Wellness: Liva Insurance Sponsors Muscat Marathon 2026 with Free Health Checkups
-
Interviews1 month agoEXCLUSIVE INTERVIEW: TLS Rebranding Marks Strategic Leap Toward Innovation, Sustainability & Growth
-
Insurance3 weeks agoLiva Insurance Supports Community Wellness Through “Experience Oman – Muscat Marathon 2026”
-
Banking & Finance4 weeks agoA New Platform for SME Growth: Oman Arab Bank Unveils Tumouhi
