Press Releases
Entry into Force of the Agreement between the Government of Japan and the Government of the Sultanate of Oman for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income
1. With regard to the Agreement between the Government of Japan and the Government of the Sultanate of Oman for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, which was signed on January 9, 2014 , Japan sent to the Sultanate of Oman a notification on the completion of its internal procedures for the entry into force of the Agreement on August 17, 2014. Thus, all necessary procedures for the entry into force of the Agreement have been completed. The Agreement will enter into force on September 1, 2014.
2. This Agreement adjusts the taxation rights between Japan and the Sultanate of Oman to avoid international double taxation arising from economic and human exchanges. Reflecting the strengthened economic relations between Japan and the Sultanate of Oman, and to promote mutual investments, this Agreement clarifies the limit of withholding tax rates imposed by the source state on dividends, interest and royalties.
3. It is expected that this Agreement will further strengthen the economic relations and human exchanges between Japan and the Sultanate of Oman, and contribute to the prevention of fiscal evasion.