01
Document overview
The decision refines the categories of designated and controlling persons, adds a FATF-aligned controlling-person definition for legal persons, trusts and other legal arrangements, and introduces administrative fines of OMR 200–5,000 for specified CRS breaches.
02
Scope and exclusions
Applies to
Effective from 29 April 2024 within Decision 78/2020, it applies to reporting financial institutions, account holders, controlling persons, and responsible managers of relevant legal arrangements or Omani branches.
Limitations and exclusions
It is not a standalone complete CRS rulebook and does not automatically determine the status of a particular person or account; it must be read with the current consolidated Decision 78/2020, including Decision 388/2025.
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Official source
Tax Authority Decision 16/2024 · amending Decision 78/2020 · Ministry of Justice and Legal Affairs
September 13, 2026
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