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Oman suspends dividend tax for three years as of May 6 -market authority

Reuters | Updated: 16-05-2019 00:34 IST | Created: 15-05-2019 20:11 IST
Oman suspends dividend tax for three years as of May 6 -market authority
Image Credit: Pixabay

Oman's capital market authority (CMA) said on Wednesday it had suspended a 10% tax on dividends for three years as of May 6 to boost foreign investments.

The three years could be extended, CMA said on its Twitter account, quoting managing director Sheikh Abdullah bin Salem al-Salmi.



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