Oman is making history (and headlines) by becoming the first Gulf country to introduce an income tax — and it’s targeting the top 1% earners. As fossil fuel demand fades, the move marks a bold shift from oil money to income tax to fund services and stay future-ready. And hey, the IMF says other Gulf nations might follow soon!
- 🧾5% income tax on earnings above 42,000 Omani rials ($109K)
- 🎯Applies only to top 1% of income earners
- 🛡️Goal: protect public services, cut oil dependence
- 🌍Other Gulf nations likely to follow suit, says IMF
👉 Why this matters: A tax-first Gulf means serious change is coming for expats, businesses, and global investors.
🔗 Source: Bloomberg
🔍 Curated by Articoli News
🖋️ Written and summarized by our editorial team using AI assistance and human review.
📚 Sources: Market insights on the internet and other verified media platforms.
✅ We credit all sources and focus on accurate, simplified, and growth-driven news only.
🙋 Have a story or opinion? Submit your article or comment below.
👤 Edited & Approved by Debraj Paul, Founder of Articoli News.
celtickitchen – The layout is clean, I enjoyed exploring without distractions.
crownking88 – A nice find—glad I visited, might check updates from them later.
adawebcreative – I like the color scheme and typography choices, very pleasant.
raspinakala – I enjoyed exploring their pages, feels polished and full of depth.
sunnyflowercases – The product photos are gorgeous, really helps in choosing designs.
apkcontainer – The download links seem legit and not full of annoying ads.
catherinewburton – Beautiful aesthetic, her brand voice is clear, consistent and authentic.
banehmagic – I enjoyed exploring their pages, content is clear and valuable.
broodbase – BroodBase brand stands out strongly, creative energy truly inspires worldwide.
broodbase – Unique creativity here makes this website stand apart very clearly.