Oman, 2 April, 2025 : His Majesty Sultan Haitham bin Tarik has issued a Royal Decree ratifying the protocol amending the tax agreement between Oman and India on the avoidance of double taxation and the prevention of income tax evasion.
The amended agreement aims to enhance financial cooperation, ensuring better exchange of information and adherence to international tax standards. It is expected to provide greater clarity and stability for businesses operating in both countries, fostering increased trade and investment.
By reinforcing transparency and efficiency in cross-border financial transactions, the amendment strengthens economic ties between Oman and India. The updated provisions align with global tax compliance frameworks, supporting efforts to combat tax evasion and improve regulatory cooperation.
This development marks a significant step in deepening bilateral relations, reflecting both nations' commitment to fostering a more stable and predictable business environment.
Source : www.zawya.com
