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
-
Highlights4 weeks agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Magazines3 weeks agoOER Magazine July Edition 2026
-
Banking & Finance2 months agoOman Housing Bank launches digital waiting list for housing loans
-
Magazines3 weeks agoAl Mar’a Magazine July 2026
-
Alamaliktistaad Magazines3 weeks agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Banking & Finance1 month agoOman Arab Bank CEO Sulaiman Al Harthi Retires as Ali Al Mani Is Named Successor
-
Banking & Finance1 month agoOERLive ANALYSIS: The Coldcard Hack Shows Why Bitcoin Self-Custody Remains Difficult for Ordinary Users
-
News1 month agoMade by Google 2026: Top 10 Biggest Launches You Need to Know – From the New Pixel 11 to a Life-Saving AI Watch
