​OMAN: Tawazun plan light on details

GULF COUNTRIES - Report 02 Nov 2020 by Rory Fyfe and Justin Alexander

Oman has finally released basic details of its Tawazun fiscal balance plan, which aims to reduce the deficit to 1.7% of GDP by 2024. The proposal has confirmed some of the items that we have been anticipating for over a year, including an initiative to introduce a personal income tax, but the plan is light on details.

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