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Get Price· Oman's 2021 government budget factored in government revenues of OMR billion (USD billion), based on average oil prices of USD 45 per barrel, with oil and gas accounting for 41 and percent of total revenue, respectively. The Ministry of Energy and Minerals coordinates the government's role in Oman's hydrocarbon sectors.
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Get PriceWe believe that at the time of writing this alert, the VAT Law will come into effect 180 days from the date of its publiion in the Official Gazette. If this is released on 18 October 2020, the VAT Law should go live on 16 April 2021. This is a significant development in the fiscal reform in Oman. VAT has been anticipated for some time ...
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Get PriceAccording to Article 33 of REACH, suppliers of articles to Ecolab (in the form of equipment, part or packaging) have the obligation to inform Ecolab of the presence of Substances of Very High Concern (SVHC) in products and articles when the concentration is above % weight by weight (w/w). Suppliers are required to communie actively in ...
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Get PriceHowever, Oman permits the establishment of real estate investment funds (REIFs) in order to encourage new inflows of capital into Oman's property sector, and foreign investors, as well as expatriates in Oman, may own property units in REIFs. In January 2020, Oman's first REIF (Aman) launched an initial private offering valued at 26 million for Omani and nonOmani .
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