ALBAWABA- The Shura Council of the Sultanate of Oman has submitted a draft law to the State Council proposing an income tax of between 5% and 9%. This significant development in Oman's financial policy aims to tax both citizens and foreigners, though in different ways. Under the proposed law, residents will be subject to income tax if their annual income exceeds $100,000, while citizens will be taxed only if their ...