Muscat, Oman — October 1, 2023 — PwC Middle East in Oman hosted its annual tax seminar, themed "Navigating Tomorrow's Possibilities," on Sunday, October 1, in Oman.
The seminar attracted over 100 attendees from various industries and served as a platform for engaging discussions, talking about a diverse range of critical topics. These discussions included an exploration of the latest updates in Oman's dynamic tax landscape, insights into customs and excise matters with a specific focus on their potential impact on businesses and an examination of the potential of E-invoicing and its implications for modern tax compliance. Additionally, the event delved into the significance of ESG in the corporate world, exploring how these factors influence tax planning strategies. Furthermore, attendees gained insights into strategies and best practices for optimising transfer pricing, a crucial component of international business operations. The seminar also offered an examination of corporate income tax considerations in the UAE, a topic of particular relevance in the region. Moreover, gave a deeper understanding of taxation dynamics in the region and provided valuable insights for future endeavours. Accomplished thought leaders, stakeholders, analysts as well as Oman tax authority joined PwC Middle East in Oman’s annual Tax seminar.
Mohammed Yaghmour, Tax & Legal Services Leader at PwC Middle East, said: “The GCC nations are making economic and fiscal reform a top priority for regional governments. Attracting Foreign Direct Investments (FDI) stands out as a pivotal aspect of this endeavor, with an emphasis on the crucial role that effective tax policies play. Investments play a vital role in developing adaptable tax laws and regulations, enhancing systems and strengthening the capacity of tax administrations”.
Darcy White, Partner, Oman Tax Leader, PwC Oman said: “ Our annual tax seminar provides a vital platform for in-depth discussions on the tax landscape in Oman. It's a chance for us to share valuable insights and expertise, helping businesses navigate the complexities of taxation in Oman and beyond. As Oman continues to embrace economic diversification and international best practices, we are committed to being at the forefront, guiding our clients toward tax-efficient strategies that support their growth and compliance objectives."
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Established in the Middle East for 40 years, PwC Middle East has 30 offices across 12 countries in the region with around 10,000 people. (www.pwc.com/me)
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