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Shura Council discusses several draft legislations
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Shura Council discusses several draft legislations

From Times of Oman · () English

Summarized and contextualized by DistantNews.

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  • The Omani Shura Council discussed several draft legislations and agreements during its regular session.
  • Topics included a double taxation agreement with Azerbaijan and a system to link corporate tax procedures with government entitlements.
  • The council also reviewed reports on economic diplomacy, social housing programs, tourism sector localization, and future agricultural cities.

The Omani Shura Council convened for its twenty-second regular session, addressing a range of draft legislations and agreements. Chaired by Khalid Hilal Al Maawali, the session focused on economic and financial matters, including a draft agreement between Oman and Azerbaijan aimed at eliminating double taxation and preventing tax evasion on income.

The council's Economic and Financial Committee presented a report on establishing an integrated electronic system to link corporate tax procedures with government financial entitlements. The proposed system aims to streamline processes, boost tax compliance, improve financial collection efficiency, and enhance inter-governmental coordination.

Further discussions involved a report on "Economic Diplomacy: Impact, Results, and Performance Measurement Indicators." Additionally, the Services and Public Utilities Committee reported on developing social housing programs and subsidized housing loans. The Media, Tourism and Culture Committee evaluated localization policies and programs within the tourism sector.

Concluding its proceedings, the Shura Council examined the Food and Water Security Committee's report concerning "Future Agricultural Cities: Opportunities and Challenges," signaling a broad agenda covering economic, social, and developmental issues.

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Originally published by Times of Oman. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.