Based on the Commercial Companies Law No. 4/74, and 

The Insurance Companies Law promulgated by Royal Decree No. 12/79, and 

The Law for the Organisation of Accounting and Audit Profession promulgated by Royal Decree No. 77/86, and 

The Foreign Capital Investment Law promulgated by Royal Decree No. 102/94, and 

The Law (System) of the Unified Industrial Organization for the Gulf Cooperation Council Countries promulgated by Royal Decree No. 61/2008, and 

The Income Tax Law promulgated by Royal Decree No. 28/2009, and 

The Ministerial Decision No. 9/83 amending the depreciation rates for solid buildings, and 

The Ministerial Decision No. 91/84 providing rules for taxable income in respect of branches of foreign companies operating in Oman, and  

The Ministerial Decision No. 92/84 determining rates for sponsorship fees deductible from the taxable income, and 

The Ministerial Decision No. 43/86 determining the donations considered as deductible expenses from taxable income, and 

The Ministerial Decision No. 23/89 determining the rates for local agent’s commission deductible from the taxable income for foreign insurance companies, and 

The Ministerial Decision No. 70/97 determining the rules governing the deduction and payment of income tax on companies, and 

The Ministerial Decision No. 51/98 determining the rules for deducting the salaries determined for the partners and owners of industrial and commercial companies and rents, for determining the taxable income of the company or establishment, and 

The Ministerial Decision No 93/2000 determining the rules for deducting rent, for determining the taxable income of companies or establishments, and 

The Ministerial Decision No 13/2005 determining the professions that are subject to the provisions of the Profit Tax Law on Establishments promulgated by Royal Decree 77/89, and 

The Ministerial Decision No. 46/2005 determining the Rules and Procedures for exemption from income tax on companies and profit tax on establishments, and 

The decision of the Council for Financial Affairs and Energy Resources No 33/2010 issued in the second meeting in 2010 held on 1 November 2010 determining the parties for which the donations paid are considered deductible expenses for determining the taxable income, and 

The decision of the Council for Financial Affairs and Energy Resources No 34/2010 issued in the second meeting in 2010 held on 1 November 2010 ratifying the procedures for the renewal of exemption from income tax for the Omani establishments and companies conducting their main activity in the fields stipulated in article 118 of the Income Tax Law, and 

For the public interest.

It is hereby decided