Oman Tax Authority confirms 5-year tax waiver on maritime services to attract global shipping

Oman is rolling out a five-year withholding tax holiday for vessels flying its flag, starting September 2025. This strategic move aims to slash operational costs for shipping firms, attract significant investment in maritime services, and bolster Oman's standing as a key regional maritime hub. The initiative is set to boost vessel registrations and enhance the nation's economic diversification efforts.

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