Oman Budget 2026: Key Highlights

3 minute read
May 20, 2026

Executive Summary

Oman’s 2026 State Budget reflects the Sultanate’s continued commitment to fiscal sustainability, economic diversification, and the priorities of Oman Vision 2040. As the first year of the 11th Five-Year Development Plan (2026–2030), the budget adopts a balanced approach to supporting economic growth while maintaining fiscal discipline.

Key developments include:

Introduction of personal income tax effective from 2028

Continued rollout of the e-invoicing programme “Fawtara”

Implementation of Pillar Two global minimum tax rules

Expansion of Oman’s double tax treaty network

Signing of the Oman-India Comprehensive Economic Partnership Agreement (CEPA)

Together, these measures reinforce Oman’s focus on enhancing competitiveness, transparency, and long-term investment attractiveness.

Oman also achieved investment-grade sovereign credit ratings from Moody’s, S&P, and Fitch in 2025, reflecting growing confidence in the Sultanate’s fiscal and economic reform agenda.

Explore our full report, Oman Budget 2026: Key Highlights, in the attached PDF for deeper insights into the Sultanate’s fiscal priorities, tax developments, and economic transformation agenda.