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

Oman is making waves in the maritime world: the Sultanate has announced a five‑year withholding tax relief for vessels under its flag, aiming to boost shipping activity, attract investment, and position itself as a regional maritime hub. The Sultanate of Oman’s tax authority through its Tax Policy Department under the leadership of Hossam bin Hamad Al Maamari,, has announced a significant incentive for the maritime sector: a five-year suspension of the withholding tax on service contracts performed aboard vessels registered under the Omani flag. This initiative, effective from September 1, 2025, through August 31, 2030, is designed to reduce operational costs for shipping companies and enhance Oman’s position in the global maritime sector. It specifically applies to service cont