Oman Tax Tables 2024 - Tax Rates and Thresholds in Oman

This page contains the tax table information used for the calculation of tax and payroll deductions in Oman in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ OM, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Oman or would like to add to or suggest amendments to the information herein then please contact us.

Oman Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Oman are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Oman Tax Calculator 2024.

Oman Social Security and Payroll Deduction Rates in 2024

In Oman, the social security system is designed to provide protection and support to employees in the private sector. This system encompasses a range of contributions and benefits, aimed at ensuring the welfare of the Omani workforce. Both employers and employees are required to make contributions, which fund various social security benefits. Here, we explore the key elements of social security and payroll deductions in Oman and what they fund.

Public Authority for Social Insurance (PASI)

The cornerstone of social security in Oman is the Public Authority for Social Insurance (PASI). PASI administers the social insurance programs, which cover employment injuries, old-age benefits, disability benefits, and death benefits. The contributions made by employers and employees finance these programs, ensuring a safety net for workers and their families.

Employment Injury Benefits

One of the critical components of social security in Oman is the employment injury benefit. This insurance provides coverage for employees who suffer from an injury or illness directly resulting from their job. The fund covers medical treatment, rehabilitation services, and compensation for temporary or permanent disability, ensuring that employees receive the necessary support for recovery.

Old-Age Benefits

Old-age benefits are designed to provide financial security to employees upon reaching retirement age. These benefits are funded through contributions from both employers and employees throughout the workers' employment period. Upon retirement, eligible individuals receive a pension, calculated based on their average earnings and the number of years contributed to the system. This pension provides a steady income to support retirees in their post-working years.

Disability Benefits

Disability benefits offer financial assistance to employees who become disabled and are unable to work, whether due to a work-related injury or other causes. These benefits include a disability pension and, in some cases, rehabilitation services to help the individual return to work, if possible. The aim is to provide a source of income and support for those who are permanently or temporarily disabled.

Death Benefits

In the unfortunate event of an employee's death, the social security system provides death benefits to the surviving family members. This includes a lump-sum payment and, in some cases, a survivor's pension to the deceased's dependents. These benefits help alleviate the financial burden on families during difficult times.

Voluntary Contributions

Beyond the mandatory social security contributions, Oman also allows for voluntary contributions. This option enables individuals who are not covered by the mandatory system, such as self-employed workers, to participate in the social security system and benefit from its protections.

The social security system in Oman plays a pivotal role in safeguarding the welfare of employees and their families. By providing comprehensive coverage for employment injuries, old-age, disability, and death, the system ensures a safety net that supports the social and economic well-being of the Omani workforce.

Oman VAT Rates in 2024

VAT rates for Oman are reviewed annually, you can use the VAT Calculator to calculate VAT due in Oman or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Historic Tax Tables supported for Oman

The following tax tables are supported by iCalculator™ OM as part of the suite of free tax tools we provide for Oman.