Research Article
Year 2023,
Volume: 9 Issue: 25 - April 2023, 145 - 156, 04.05.2023
Abstract
References
- Laws and issues Laws Income Tax Law 8-8/ 2009 & 24/5/2009. Royal Decree No. 118/2020 amending some provisions of the Income Tax Law Royal Decree No.(62/1975) Planning the functions of the Ministry of Finance and its organizational structure. Royal Decree No. 40/80 reorganizing the General Directorate of Finance. Royal Decree No. 27/84 approving the organizational structure of the Office of the Deputy Prime Minister for Financial and Economic Affairs Royal Decree No. 64/85 to amend the organizational structure of the Office of the Deputy Prime Minister for Financial and Economic Affairs Royal Decree No. 4/91Appointment of a tax secretary. Ministerial decision 8/93 establishing tax departments and approving their organizational structure. Royal Decree No. 39/96 defining the functions of the Ministry of Finance and approving its organizational structure. Ministerial Decision 112/2019 regarding determining the value and types of excise goods and the tax category. Royal Decree No. 47/81 of the Corporate Income Tax Law Royal Decree No. 28 / 2009 promulgating the Income Tax Law Ministry of Finance: Ministerial Resolution No. 45/2005 regarding determining controls and procedures for tax and customs exemption for foreign investment projects Sultani Decree No. 4/74 to issue the Foreign Trades and Foreign Capital Investment Act See Article 8 of the repealed Foreign Capital Investment Law No. 102/94. Issues 18/2015 [2021] The Supreme Court of the Sultanate of Oman, 4p 14/5/2015 (The Supreme Court of the Sultanate of Oman) 69/2015 [2021] The Supreme Court of the Sultanate of Oman, 4p 26/3/2015 (The Supreme Court of the Sultanate of Oman) 3/2011 [2021] The Supreme Court of the Sultanate of Oman, 13/1/2013 (The Supreme Court of the Sultanate of Oman) 196/2014 [2021] The Supreme Court of the Sultanate of Oman, 4p 22/5/2014Commercial and tax department (The Supreme Court of the Sultanate of Oman). Books Al-Arab, 'Economic crises lead Muscat to impose the income tax | | Al Arab Newspaper '(Al Arab Newspaper, 2021) https://alarab.news accessed 13 January 2021 Al-Sabii Q, Obstacles To Foreign Direct Investment (A Comparative And Applied Study On The Sultanate Of Oman) (1st edn, Sun of Science 2020) Moosa Al Azri, ‘Foreign Investment in the Sultanate of Oman: Legal Guarantees and Weaknesses in Providing Investment Protection’ (2017). Hariri R, Education Economics And Planning In Light Of Total Quality Management (1st ed, Curriculum House for publishing and distribution 2013) Taqa M, Public Finance Economics (2nd edn, Dar Al Maysara for Publishing and Distribution 2007) Al-Khatib K, and others, Fundamentals Of Public Finance (2nd edn, Wael Publishing House 2005) Al Hinai K, 'Incentives And Guarantees For The Foreign Investment Project According To The Omani Foreign Capital Investment Law' (Master of Laws, Sultan Qaboos university 2020) Articles Al Yala S, 'The Sultanate Of Oman Is The First Gulf Country To Introduce An Income Tax In 2022' Independent-Arabic (2020) https://www.independentarabia.com/ node/ 165526/ accessed 27 June 2021 Alsmadi S, and Mallawi A, 'The Impact Of Government Taxes On The Amman Stock Exchange: A Regression Model' (2016) 22 The lighthouse Ramadan Siddiq Muhammad, Tax Problems of Tourist Activity in Egypt, Financial and Tax Legislation, No. 304, 1996, p. 44 Websites 'Request Rejected' (Mof.gov.om, 2021) https://www.mof.gov.om/Portals/1/documents/ Tawazon/.pdf accessed 6 May 2021 Mohamed S, 'Research On Taxes: Definition, Characteristics, Types And Objectives' [2021] Algerian Encyclopedia of Political and Strategic Studies https://www.politics-dz.com accessed 8 June 2021 'Tax System History - Taxpayer Portal' (Tms.taxoman.gov.om, 2021) https://tms.taxoman.gov.om/portal/ar/web/taxportal/tax-system-history accessed 27 June 2021 World Bank, Measuring Business Systems: https://arabic.doingbusiness.org/ar/data/ exploreeconomies/oman Date of entry 12 April 2020 AD World Bank and International Finance Corporation, Doing Business 2015 Economy Profile: Oman( World Bank Group 2014)56. Interviews (E, Thabit, Personal interview, August 22, 2021)
Year 2023,
Volume: 9 Issue: 25 - April 2023, 145 - 156, 04.05.2023
Abstract
The research objective is o discuss the factors affecting the relationship between the legal system and investment by Oman's economic structure, tax issues and FDI. The researcher adopted the descriptive analytical approach, as the results revealed that: Tax exemption controls for foreign investment projects issued under Ministerial Resolution 45/2005 and its amendments issued by the former Ministry of National Economy, the Ministry of Trade, Industry and Investment Promotion should be abolished now, because they have become ineffective because they have become ineffective in connection with laws that have become null and wrong Such as the Corporate Act 4/1974 and the Foreign Capital Investment Act 102/1994 , their amendments became useless because of a number of changes in investment-related legislation, thus agreed upon by a number of previous studies.
Keywords
References
- Laws and issues Laws Income Tax Law 8-8/ 2009 & 24/5/2009. Royal Decree No. 118/2020 amending some provisions of the Income Tax Law Royal Decree No.(62/1975) Planning the functions of the Ministry of Finance and its organizational structure. Royal Decree No. 40/80 reorganizing the General Directorate of Finance. Royal Decree No. 27/84 approving the organizational structure of the Office of the Deputy Prime Minister for Financial and Economic Affairs Royal Decree No. 64/85 to amend the organizational structure of the Office of the Deputy Prime Minister for Financial and Economic Affairs Royal Decree No. 4/91Appointment of a tax secretary. Ministerial decision 8/93 establishing tax departments and approving their organizational structure. Royal Decree No. 39/96 defining the functions of the Ministry of Finance and approving its organizational structure. Ministerial Decision 112/2019 regarding determining the value and types of excise goods and the tax category. Royal Decree No. 47/81 of the Corporate Income Tax Law Royal Decree No. 28 / 2009 promulgating the Income Tax Law Ministry of Finance: Ministerial Resolution No. 45/2005 regarding determining controls and procedures for tax and customs exemption for foreign investment projects Sultani Decree No. 4/74 to issue the Foreign Trades and Foreign Capital Investment Act See Article 8 of the repealed Foreign Capital Investment Law No. 102/94. Issues 18/2015 [2021] The Supreme Court of the Sultanate of Oman, 4p 14/5/2015 (The Supreme Court of the Sultanate of Oman) 69/2015 [2021] The Supreme Court of the Sultanate of Oman, 4p 26/3/2015 (The Supreme Court of the Sultanate of Oman) 3/2011 [2021] The Supreme Court of the Sultanate of Oman, 13/1/2013 (The Supreme Court of the Sultanate of Oman) 196/2014 [2021] The Supreme Court of the Sultanate of Oman, 4p 22/5/2014Commercial and tax department (The Supreme Court of the Sultanate of Oman). Books Al-Arab, 'Economic crises lead Muscat to impose the income tax | | Al Arab Newspaper '(Al Arab Newspaper, 2021) https://alarab.news accessed 13 January 2021 Al-Sabii Q, Obstacles To Foreign Direct Investment (A Comparative And Applied Study On The Sultanate Of Oman) (1st edn, Sun of Science 2020) Moosa Al Azri, ‘Foreign Investment in the Sultanate of Oman: Legal Guarantees and Weaknesses in Providing Investment Protection’ (2017). Hariri R, Education Economics And Planning In Light Of Total Quality Management (1st ed, Curriculum House for publishing and distribution 2013) Taqa M, Public Finance Economics (2nd edn, Dar Al Maysara for Publishing and Distribution 2007) Al-Khatib K, and others, Fundamentals Of Public Finance (2nd edn, Wael Publishing House 2005) Al Hinai K, 'Incentives And Guarantees For The Foreign Investment Project According To The Omani Foreign Capital Investment Law' (Master of Laws, Sultan Qaboos university 2020) Articles Al Yala S, 'The Sultanate Of Oman Is The First Gulf Country To Introduce An Income Tax In 2022' Independent-Arabic (2020) https://www.independentarabia.com/ node/ 165526/ accessed 27 June 2021 Alsmadi S, and Mallawi A, 'The Impact Of Government Taxes On The Amman Stock Exchange: A Regression Model' (2016) 22 The lighthouse Ramadan Siddiq Muhammad, Tax Problems of Tourist Activity in Egypt, Financial and Tax Legislation, No. 304, 1996, p. 44 Websites 'Request Rejected' (Mof.gov.om, 2021) https://www.mof.gov.om/Portals/1/documents/ Tawazon/.pdf accessed 6 May 2021 Mohamed S, 'Research On Taxes: Definition, Characteristics, Types And Objectives' [2021] Algerian Encyclopedia of Political and Strategic Studies https://www.politics-dz.com accessed 8 June 2021 'Tax System History - Taxpayer Portal' (Tms.taxoman.gov.om, 2021) https://tms.taxoman.gov.om/portal/ar/web/taxportal/tax-system-history accessed 27 June 2021 World Bank, Measuring Business Systems: https://arabic.doingbusiness.org/ar/data/ exploreeconomies/oman Date of entry 12 April 2020 AD World Bank and International Finance Corporation, Doing Business 2015 Economy Profile: Oman( World Bank Group 2014)56. Interviews (E, Thabit, Personal interview, August 22, 2021)
There are 1 citations in total.
Details
| Primary Language | English |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | May 4, 2023 |
| Submission Date | April 10, 2023 |
| Published in Issue | Year 2023Volume: 9 Issue: 25 - April 2023 |
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