His Majesty orders tax exemptions to boost tourism in Sultanate

Muscat: His Majesty Sultan Qaboos bin Said has issued a directive to give tax breaks to any new investor who wishes to establish a tourist project in Musandam, to encourage tourism.
The royal directives exempted from customs duty the building materials, tools and equipment required by the tourism project during the construction period, and exemption from the 4 per cent tourism tax and 5 per cent municipal tax for the first ten years of operation of the project.
The royal directives exempt Musandam tourism projects from the 15% companies income tax for the first decade of operations. His Majesty’s royal directives ruled that the exemptions will be activated from June, 1st 2019.