To: All Licensed Banks

Subject: Collection of Income & Profits Taxes from Establishments & Companies Funds deposited in their Accounts with Banks

1. Pursuant to the Law of Income Tax on companies issued by the Oman Sultani Decree No. 47/1981 as amended and the Law of Profit Tax on Establishments issued by the Oman Sultani Decree No. 77/1989 as amended and the Law Regulating Collection of Taxes, Fees and other Payments due to Units of the Administrative System of the State issued by the Oman Sultani Decree No. 32/1994, the Secretariat General for Taxation – Ministry of Finance has the right to issue binding decisions for provisional & executive attachment on funds of Establishments, Companies, or persons chargeable to tax, deposited in their accounts with banks, within the limits of the due amounts.