Oman Majlis panel discusses 2017 budget draft

Business Tuesday 18/October/2016 21:53 PM
By: Times News Service
Oman Majlis panel discusses 2017 budget draft

Muscat: Majlis Al Shura’s panel on economy yesterday discussed the budget for the coming year among other things.
The Economic and Financial Committee at Majlis Al Shura on Tuesday held its 1st meeting between the 1st and 2nd annual sittings of the 8th term (2015 – 2019) under the chair of Saleh bin Said Masan, Head of the Committee.
It also approved its work plan and executive programme for the 2nd annual sitting in relation to its prerogatives while studying and discussing the draft state general budget for 2017 and the 9th five-year plan, as well as preparing for several upcoming ministerial statements and discussing the future vision (Oman 2040) with respective agencies.
The panel reviewed the draft agreement on avoidance of double taxation and prevention of fiscal evasion on income tax with the Republic of Sri Lanka. The Committee decided to host the Secretariat General of Taxation to study the draft agreement.