Expat remittances will not be taxed, according to Hamood Bin Sanjoor Al Zadjali, chief of Central Bank of Oman (CBO).

Al Zadjali told Al Shabiba newspaper on Tuesday that levying taxes on expatriates is subject to several considerations.

“From the legal aspect, the International Monetary Fund (IMF) agreement, which Oman is committed to, stipulates that no restrictions should be imposed on transfers and payments classified as current international transactions,” said Al Zadjali.

Al Zadjali added that no gulf states impose such taxes so far. He revealed that expat remittances had increased by 1.1 percent in the first half of this year, reaching more than 2.13 billion rials (Dh20 billion)