Ministry announces tax exemptions for tourism sector in Oman

Oman’s Ministry of Heritage and Tourism has issued an announcement on Incentives for the Tourism Sector Economic Stimulus Plan.

A statement issued online by the Ministry of Heritage and Tourism said: “An Economic Stimulus plan was approved at the Council of Ministers, which His Majesty Sultan Haitham Bin Tarik presided on March 9, 2021, that aims to achieve high growth rates, as per Oman Vision 2040, has been endorsed.”

The Ministry confirmed that: “It also aims to support efforts to extenuate the impact measures taken due to the COVID-19 pandemic on the national economy by providing a set of measures and initiatives that supports economic recovery, enhancing the performance of economic activities and foreign investment.”

The following incentives were approved for the tourism sector :
1-Exemption from the income tax for hotel establishments due for the two tax years of 2020 and 2021.
2- Exemption from the tourism tax payable by tourism establishments to the Ministry (Starting from March 10, 2021, until December 31, 2021.
3- Postponement of the settlement of the tourism tax(until March 9, 2021) payable by tourism establishments to the end of December 2021. “the statement added