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Top-up Tax Law for Multinational Enterprise Groups — articles 1–10
- Article 1
For the purposes of this Law, unless the context otherwise requires, the following words and expressions have the meanings set out beside them: 1. Top-up Tax: The Top-up Tax provided for in this Law. 2. Global Anti-Base …
- Article 2
This Law applies to Constituent Entities that are members of a Multinational Enterprise Group whose revenue, expressed in Omani rials, equals or exceeds the equivalent of EUR 750,000,000 (seven hundred and fifty million …
- Article 3
This Law does not apply to the following entities: 1. Units of the State Administrative Apparatus and other public legal persons. 2. International organisations. 3. Non-profit bodies, such as associations, unions and pri…
- Article 4
Top-up Tax is imposed on the entities specified in Article 2 of this Law at a rate that brings the original tax imposed on them to the equivalent of 15% (fifteen per cent).
- Article 5
The following are liable to pay Top-up Tax: 1. A Constituent Entity located in the Sultanate of Oman during any period within the Financial Year. 2. A Constituent Entity located in the Sultanate of Oman that is the Ultim…
- Article 6
Article 5 of this Law does not apply where a Qualified Income Inclusion Rule is required to be applied for the Financial Year in respect of either of the following: 1. The Ultimate Parent Entity of a Multinational Enterp…
- Article 7
As an exception to Articles 5 and 6 of this Law, a Partially-Owned Parent Entity located in the Sultanate of Oman that, at any time during the Financial Year, directly or indirectly owns an ownership interest in a low-ta…
- Article 8
Articles 5, 6 and 7 of this Law apply to a Parent Entity located in the Sultanate of Oman in respect of its low-taxed Constituent Entity that is not located in the Sultanate of Oman, in the manner prescribed by the Regul…
- Article 9
Subject to the provisions of this Law, the Global Anti-Base Erosion Rules and the relevant supporting documents issued by the Organisation for Economic Co-operation and Development, the Regulation must prescribe, in part…
- Article 10
Where a matter is not specifically provided for in this Law or its Regulation, the provisions of the Income Tax Law apply to the extent that they do not conflict with this Law or its Regulation.