|31 March, 2020

Oman to establish new tax system - state media

Oman has piled up debt in recent years, raising concerns over its sustainability

Image used for illustrative purpose. Calculator and paper sheets with data.

Image used for illustrative purpose. Calculator and paper sheets with data.

Getty Images/Photography taken by Mario Gutiérrez.

DUBAI- Oman's ruler Sultan Haitham bin Tariq al-Said has issued a decree to set up a new tax administration system, state media reported on Tuesday.

Oman has piled up debt in recent years, raising concerns over its sustainability, especially with the slow pace of fiscal and economic reform.

(Reporting by Aziz El Yaakoubi; Editing by Alex Richardson) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))

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