This Muslim country has given a big shock to Indians…
A big news has come out for indian workers and professionals working in Oman. workers and professionals working in oman will have to pay income tax from next year. oman is the first country in the gulf to do so. Currently, there is no income tax on workers and professionals in Oman.
According to the proposal of the Omani government, those earning around 84 lakh rupees every year will have to pay income tax ranging from 5% to 9%. Apart from this, this tax will be increased every year. It will affect 6 lakh indians living here. Let us tell you that 5% VAT and 15% corporate tax is already levied in Oman. gulf countries currently have zero income tax.
'Will have to send family home'
On this news, indian textile businessman Amanullah of Muscat said, '9% income tax will be a new burden. Due to the imposition of income tax, many indians will be forced to send their families to india to reduce expenses.' Apart from this, indian businessman Jatin palani from Muscat said, 'The new income tax system will also affect the shareholders of the company.
Preventing money laundering is one reason
Sahitya Chaturvedi, General Secretary of indian Business Council in Dubai, said about this, 'Kuwait is the only country in the gulf where there is no tax of any kind. But according to the new rules of the UN banking Board, all countries will have to implement a minimum of 15% tax. In such a situation, the tax system will soon be implemented in kuwait as well. One reason for this is to prevent money laundering. Let us tell you that thousands of people from india go to work in the gulf countries. In such a situation, this rule can increase problems for them.
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