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 ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain2 months ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance1 month ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines2 months ago
OER, June 25
-
Energy2 months ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, June 25
-
Technology2 months ago
SPIEF 2025 showcases cutting-edge technologies and digital innovation through its Innovation Space initiative
-
Economy2 months ago
Oman Investment Authority’s Assets Surpass RO20bn with Profits Exceeding RO1.5bn in 2024