The Tax Authority (TA) published in this week’s Official Gazette Ministerial Decision 521/2023 Amending Some Provisions of the Executive Regulation of the Value Added Tax Law. This decision adds a new article 196bis, which provides for new additional cases in which VAT can be refunded that are set out in the schedule attached to the decision.
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The new Omani Public Debt Law
Oman’s first ever Public Debt Law was promulgated last week and was made available to the public in the Official Gazette today. This new law mostly provides a general governance framework of how the government plans to make decisions regarding the management of public debt and introduces a limited set of actual controls on government debt.
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New Tourism Law Issued
The full-text of the new Tourism Law was published in the Official Gazette today replacing the old Tourism Law of 2002. The new law simplifies the legal framework for tourism by abolishing the National Tourism Committee as well as the Tourism Development Fund, consolidates the various concepts for tourism offices and tour guides into tourism activities, removes references to the timeshare system, and increases the value of the fines that can be imposed against those who violate the law.
The Ministry of Heritage and Tourism (MOHT) published in this week’s Official Gazette Ministerial Decision 1152/1/2/255/2023 Amending Some Provisions of the Executive Regulation of the Tourism Law. This decision amends article 117 of the regulation concerning tourism fee fines.
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CAA Issues new Drone Regulation
The Civil Aviation Authority (CAA) published in this week’s issue of the Official Gazette a new Regulation Governing the Activity of Unmanned Aerial Vehicles (Drones) that replaces the Regulation Governing Practising the Aerial Activity and Aerial Works Using an Unmanned Aerial Vehicle of 2020.
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Intel Update: October 2023
Decree Intel is a database of original Omani legal research material that provides explanatory notes, overview of government entities, and summaries of Supreme Court cases and MJLA Fatwas.
New Content
– Fatwa Summary: MJLA Fatwa 212747517 (First-Sale VAT Exemption): The Ministry of Justice and Legal Affairs (MJLA) deemed that the first sale of real estate by the developer in integrated tourism complexes is not exempt from value added tax (VAT).
– Overview of Laws in the IT Sector: This document provides an overview of the key Omani legislation that regulates activities in the information technology sector.
– Overview of the Tax Authority: The Tax Authority (جهاز الضرائب), is the body responsible for developing and implementing the tax policy of the state.
This guest blog post is written by Budoor Al Suwaid – LLM in Commercial and Corporate Law Graduate.
An employee’s right to peacefully strike plays a fundamental role in advocating for their rights and improving their work conditions. The newly released Labour Law, promulgated by Royal Decree 53/2023, boldly emphasises the rights of employees and employers in strikes and closures. It achieves this by dedicating the entirety of Section 2 of Part 8 of the Labour Law (Articles 128-136) to such matters.
The Capital Market Authority (CMA) published in this week’s issue of the Official Gazette a new Regulation Governing Electronic Linkage of the Health Insurance System that sets the legal framework for using its Dhamani electronic insurance system.
The Central Bank of Oman (CBO) published in this week’s issue of the Official Gazette a new Regulation of the Returned Direct Debit and Cheques System that replaces the Regulation of the Returned Cheques System of 2007.
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