Latest news with #FatmaalHarthy
Muscat Daily
06-07-2025
- Business
- Muscat Daily
Oman's income tax decision draws support and scrutiny
Starting 2028, Oman will introduce a 5% personal income tax on high-income earners, marking a first in fiscal policy not just the in sultanate but the GCC. The decision is part of broader efforts to diversify revenue sources and reduce dependence on oil. The move has sparked a discussion among citizens and residents alike. Here is what Muscat Daily readers said – Fatma al Harthy, Businesswoman I think it's a fair step. High-income earners can contribute more to the country's growth. As long as the system is transparent and benefits are visible – like better healthcare, education and infrastructure – I support it. Oman is evolving, and we must be financially sustainable in the long run. Ahmed al Saifi, Private sector employee Introducing a 5% income tax on the wealthy is a balanced move. Many countries do this already. It won't impact daily life much, but it can help reduce dependence on oil. I hope the revenue is reinvested in youth programmes, innovation and job creation. Salma al Balushi, Homemaker It's the right time to prepare for the future. With oil prices being unpredictable, we need steady income sources. This tax seems reasonable and limited to those earning more. It shouldn't affect average citizens. What matters is ensuring accountability in how this tax is used. Anish Menon, IT professional As a long-time resident, I respect Oman's strategy. A 5% tax on high earners is modest compared to global standards. It could help build a better economy. It will be also good to diversify the economy. I welcome the move. Yaqoob al Rawahi, Businessman It has its pros and cons. One of the main downsides is that high-income earners will start looking for other competitive countries – either with lower taxes or no taxes at all. The upside, however, is when taxes are used to support and develop sectors like startups and small businesses. But speaking from my perspective in Oman, I see it more as a negative because so far, the allocated funds and resources for supporting startups are extremely limited and discouraging. This will only push more investors to move towards competitor countries with fewer or no taxes. Aisha al Hafeez, Business development associate As limited as this target demographic of high-income earners currently is, this system still has some potential of working in our favour, especially with the rise in high-income expatriates arriving in Oman. I recognise the outcome it could have on increasing revenue without pressuring Omani residents to feel burdened by this tax rate. Lakshmi Joshi, Bank professional Since the tax only affects individuals who consistently earn an annual salary that exceeds approximately RO42,000, I think it presents a unique solution to strengthen our country's overall GDP. This could also make Oman more competitive given the rising trend of international investors moving into the country. Tarun Joshi, Businessman I understand the logic. The cost of maintaining services and infrastructure is rising. High-income earners can afford to contribute a bit more. It's essential though that the tax system is transparent, and businesses like ours are supported by the government and private sectors. Vijay Dixit, Sales officer I personally believe that the upcoming income tax could present the Omani government an opportunity to test out this new system among high-earners within the country while also giving our government additional revenue, thus minimising our dependence on oil revenue.
Observer
25-06-2025
- Science
- Observer
Omani delegation visits Nasa's Kennedy Space Center in Florida
FLORIDA: An Omani delegation shortlisted for Nasa's Space Apps Challenge "Ibra 2024" visited the Kennedy Space Center in Florida as part of their sixth-day scientific tour in the United States. The teams met with retired US astronaut Colonel Woody Spring, who shared his extensive experience in space missions, advanced training and complex extravehicular activities. Dr Fatma al Harthy, Deputy Chair of Nasa's Space Apps Challenge - Ibra, noted that Omani youth can still participate in this extraordinary experience through the next hackathon edition, scheduled for October 4-5, 2025 at the university branch in Ibra. Omani delegation visits Nasa's Kennedy Space Center in Florida She emphasised that Nasa's challenge serves as a platform to transform ideas into innovations benefiting humanity, offering Omani youth opportunities to represent their nation globally and pursue their aerospace ambitions. The delegation conducted scientific experiments at the Gateway: Deep Space Launch Complex, where participants engaged in interactive simulated missions to Mars, Saturn, and TRAPPIST-1 through immersive audiovisual experiences. They also attended IMAX astronomy screenings featuring James Webb Space Telescope imagery, exploring fundamental questions about the universe's origins and potential extraterrestrial life. The visit concluded with HYPERDECK virtual reality sessions, simulating lunar landings and mineral collection in a multisensory environment. - ONA
