Tax Authority Takes Initiatives to Alleviate COVID-19-Related Economic Impacts

Tax Authority Takes Initiatives to Alleviate COVID-19-Related Economic Impacts

Muscat: The Tax Authority has announced the extension of duration of set of incentives offered earlier by the government to the private sector with regard to the settlement of tax due during the year 2020.

The Tax Authority's initiative comes in implementation of arrangements approved by the Supreme Committee (tasked with tackling developments resulting from coronavirus pandemic) with regard to the extension of incentives offered by the government to private sector establishments and manpower till the end of this year to help alleviate the economic impacts of the pandemic and ensure a quick resumption of economic and business activities.

The Tax Authority outlined the procedures as follows:

Suspension of application of additional tax resulting from non-settlement of overdue income tax for the tax year ending 31 December 2019 till the end of December