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|15 May, 2019

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

The three years could be extended

Image used for illustrative purpose only. An investor works on his computer on the trading floor of the Muscat Securities Market (MSM) in the Commercial Business District of Ruwi in Muscat

Image used for illustrative purpose only. An investor works on his computer on the trading floor of the Muscat Securities Market (MSM) in the Commercial Business District of Ruwi in Muscat

REUTERS/STR New

DUBAI: 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 Abudllah bin Salem al-Salmi.

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

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