Muscat, Mar.31 (ONA) ---- His Majesty Sultan Haitham Bin Tarik today issued three Royal decrees, reading as follows:
Royal Decree No.41/2020 amends some provisions of the Cultural Heritage Law.
Article (1) replaces Article (6) of the Cultural Heritage Law, promulgated under Royal Decree No.35/2019, by the text below:
- “Article (6): The Ministry shall undertake the management and development of all archaeological, historical and cultural sites and projects.
Article (2) cancels all that contradicts this decree or contravenes its provisions.
Article (3) says that this decree shall be published in the Official Gazette and shall take effect from the day following its date of publication.
Royal Decree No.42/2020 promulgates the Tax Institution System (law) and approves its Organizational Structure.
Article (1) enacts the provisions of the attached Tax Institution System (law).
Article (2) approves the Organizational Structure of the Tax Institution in accordance with the Annex attached to this decree.
Article (3) states that the Chairman of the Tax Institution shall assume the powers and prerogatives dedicated to the Minister Responsible for Financial Affairs wherever cited in the Income Tax Law (promulgated under Royal Decree No. 28/2009) and the Selective Tax Law (promulgated under Royal Decree No. 23/2019) and any specializations related to determining exemption from Income Tax wherever this recurs in laws, systems and Royal decrees.
Article (4) states that the Chairman of the Tax Institution shall issue the regulations and decisions necessary for the enforcement of provisions of this decree and its attached Annex. Till then, the existing regulations and decisions shall continue to be implemented without prejudice to the provisions of the above-mentioned Tax Institution regulations and decisions.
Article (5) cancels all that contradicts this decree and its attached system (law) or contravenes their provisions.
Article (6) says that this decree shall be published in the Official Gazette and shall be enforced from its date of issue.
Royal Decree No.43/2020 ratifies the Multilateral Convention, signed by the Sultanate on November 26th, 2019, to implement tax treaty measures to prevent Base Erosion and Profit Shifting after the Convention was presented before Majlis A’Shura.
Article (1) ratifies the above-mentioned Multilateral Convention in accordance with the version attached to this decree.
Article (2) instructs the departments concerned to deposit the Document of Ratification of the above-mentioned Multilateral Convention in accordance with its provisions.
Article (3) says that this decree shall be published in the Official Gazette and shall take effect from its date of issue.