Oman Economic Review – August 2018

8 August 2018

ECONOMY WATCH

Engineering

Leadership

R&D

Computer tech

Customer service

Sales

Business admin

Accounting

Other

Do not know or NA

0% 5% 10% 15% 20% 25% 30%

What type of skill is in greatest need in Oman?

20%

40%

60%

80%

100%

0%

Very competitive Uncompetitive

Competitive Very competitive

Neutral Do not know or N/A

How competitive is Oman's current
tax environment (business and
personal) on a global scale?

2% 25% 42% 6% 25%

Very positive Positive Neutral Negative Very negative Do not know or N/A

What impact will the increase of the corporate tax rate have on local
business sentiment and FDI inflows?

48% say

the increase in the

corporate tax rate

will have a negative

or very negative

effect on local

business sentiment

and FDI inflows

Tax reforms receive mixed reaction from CEOs

As Oman looks to reforms, including taxation, to broaden its revenue base, Oxford Business Group (OBG)’s Business Barometer surveys
the reaction of CEOs in the Sultanate. Unsurprisingly, these changes have met with mixed reactions. Of the more than 170 executives
surveyed, 83 per cent said that Oman’s tax environment is competitive or very competitive on a global scale. However, nearly half
expect the increase in corporate tax, from 13 per cent to 15 per cent, to have negative effects on local business sentiment and foreign
direct investment inflows.

Very positive 1% 6%

62%

4%

20%

8%

Positive

Neutral

Negative

Very negative

Do not know

or N/A

What are your expectations of local business conditions in the

coming 12 months

88 August 2018

Source: Oxford Business Group