Oman Council to vote on foreign capital investment, insurance law and income tax law

Business Tuesday 24/May/2016 13:46 PM
By: Times News Service
Oman Council to vote on foreign capital investment, insurance law and income tax law

Muscat: Oman Council will vote on Thursday on three laws: foreign capital investment, insurance law and the law of the Income Tax Act.
The joint session between the State Council and Majlis Al Shura comes at the High Command of His Majesty Sultan Qaboos.
The meeting will be headed by Dr Yahya bin Mahfouz Al Mandhari, State Council Chairman with the presence of Khalid Bin Hilal Al Ma'awali, Chairman of the Mahlis Al Shura and members of the two councils.
The session will go through voting processes on the difference of income tax in the field of exporting mining and petrochemicals and the tax on liquefied natural gas.