India, Oman Agree to Amend Tax Treaty to Promote green

Union Minister of Commerce and Industry Piyush Goyal Meets Oman’s Minister of Commerce, Industry and Investment Promotion Qais Bin Mohammed Al Yousef DURING HISIT, In MUSCAT on 27, 2025 | Photo Credit: Ani

India and Oman have agreed to amend the dtaa to align it with interactive standards on cross-border taxation, simplifeing procedures, and promoting great cooperation in tax matters, an out ofFecial statement said on tusday.

A protocol to amend the India-or -oman double taxation Avoidance Agreement (DTAA)

The treatment was implemented in 1997.

“Both sides signed the protocol to amend the India-or-or-or-intended interactive standards on cross-border taxation, simplifying tax proceeds, and promoting greatness in the promoting greatness,” Ustry Ministry said.

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The two counts have also agreed to expert the discuses for an early signing of the proposed free trade agreement, which is under negotiations.

Goyal was in Muscat for the India-Aoman Joint Commission Meeting (JCM) with Oman’s Minister of Commerce, Industry, and Investment Promotion Promotion Qais Bin Mohammed AL YOSEF.

“The Two Ministers Exchanged Views on a Bilateral India-or Comprehensive Economic Partnership Agreement (CEPA), which is under Advanced Stages of Negotiations,” It Said.

The pact is aimed at boosting two trade and investments.

The negotiations for the agreement, officially dubbed as comprehensive economic partnership agreement, formally began in November 2023.

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In Such Agreements, Two Trading Partners Eiters Significantly Reduce or Eliminate Customs Duties on a Maximum Number of Goods Traded Between Them. They also Ease Norms to Promote Trade in Services and Attract Investments.

Oman is the Third Larget Export Destination Among the Gulf Cooperation Council (GCC) Countries for India. India Alredy has a similar agreement with another gcc member uae which came into effect in May 2022.

The bilateral trade has declined to $ 8.94 billion (Exports $ 4.42 billion and imports $ 4.5 billion) in 2023-24 from usd 12.39 billion (Exports $ 4.47 billion and importants $ 7.91 billion).