Bondoni Dispatch (News & Updates)

As we continue to celebrate Bondoni’s 10th anniversary, I am pleased to fulfil our commitment to introduce new corporate services throughout this milestone year, beginning with the launch of Bondoni Payroll Services. This reflects Bondoni’s continued focus on delivering practical, trusted...

SPF Update: Additional 1% Employer Contribution from 19th July 2026As part of Oman’s Social Protection Law (Royal Decree 52/2023), the Sick Leave and Extraordinary Leave Insurance Branch will come into effect on 19 July 2026, following a one-year postponement of...

SummaryThe UK and GCC have concluded a landmark Free Trade Agreement (FTA), marking the first trade deal between the GCC and a G7 nation. The agreement is expected to boost trade, investment, business mobility, digital trade, and customs efficiency across...

We would like to bring to your attention important regulatory updates in Oman concerning End of Service (EOS) benefits for expatriate employees. The new “EOS” (End of Service) laws in Oman for expatriates are governed by the New Labour Law (Royal Decree 53/2023) and...

Oman has climbed from 47th to 9th globally in customs clearance efficiency under the World Bank’s Logistics Performance Index 2025 — a major achievement for the Sultanate’s trade and logistics sector.What’s driving this milestone?Digitisation through the “Bayan” electronic customs systemCustoms...

Following our recent communication regarding the introduction of e-invoicing in Oman, we would like to provide you with an update on the implementation timeline. This should be read in conjunction with our E-Invoicing Client Alert issued on 7th April 2026.Key...

OverviewAs part of Oman’s corporate transparency and anti-money laundering framework, companies are required to identify and register their Ultimate Beneficial Owners (UBOs) under Ministerial Decision No. 424/2023, implemented from 11 December 2025. Based on our engagement with the authorities, we’ve...

The Oman Tax Authority (OTA) is progressing with the implementation of mandatory e-invoicing from August 2026. As part of this, the OTA has released a draft E-Invoicing Data Dictionary and shared initial guidance with selected large taxpayers.The Oman Tax Authority...

Further to our earlier email regarding the Ministry of Labour’s (MOL) directive issued on 4 August 2025 on mandatory professional licensing (Read it here), we would like to share an important update.Grace Period Until 1 June 2026MOL has announced a...

This is to inform you that the Ministry of Labour has issued a directive on 4 August 2025, introducing mandatory professional licensing for certain professions in Oman.The main areas affected are Engineering, Accounting and Technical/Vocational (in different sectors). Although Engineering...

We are writing to update you regarding the new ministerial decision regarding salary increment for Omani employees in the private sector.The Ministry of Labour (MOL) has issued Ministerial Decision No. 317/2025, replacing the previous rules under MD No. 541/2013. This...

Personal Income Tax (PIT) decree, introducing a 5% Personal Income Tax, effective 1 January 2028. This makes Oman the first GCC country to formally announce a personal income tax regime.The objective of the new tax law is to strengthen Oman’s...

We are writing to update you of a new mandatory Omanisation directive developed between the Ministry of Commerce Industry and Investment Promotion (MOCIIP) and Ministry of Labour (MOL). It was issued on the 5th May 2025 but only announced in...

The Ministry of Labour (MoL) has officially announced that all companies operating in Oman must register on the national Tawteen platform: www.tawteen.om.What is Tawteen?Tawteen (“Localisation”) is a strategic initiative led by the Omani government to promote Omanisation—the employment of Omani...

Oman government has sent out another reminder out to all companies in Oman via the media to ensure timely and transparent salary payments for private sector employees in order to safeguard workers’ rights and promote accountability in private-sector wage practices.You...

We wish to remind you of an important regulatory update announced by the Central Bank of Oman (CBO):Effective July 1, 2025, the use of the International Bank Account Number (IBAN) will be mandatory for all domestic corporate and personal financial...

Invest Oman- Bondoni Partnership We are proud to announce that Bondoni and Invest Oman have signed a non-exclusive Cooperation Partnership MOU.Invest Oman is the government’s arm for large-scale investment opportunities across the main diversified sectors in Oman. Invest Oman will refer...

At Bondoni, we make a constant effort to communicate regular updates from the ministries and the government to ensure our clients remain compliant with evolving regulations. We like to stay in the frontline to avoid any discrepancies. Please ensure you read...

Following up on our previous emails regarding the implementation of Oman’s Personal Data Protection Law (PDPL) under Royal Decree 6/2022, we would like to share an important update regarding the compliance timeline.The Executive Regulations, which came into effect on February...

As we are now beginning the new year, it’s time to ensure your business is well prepared to meet its tax obligations. At Bondoni, we aim to make the process as seamless as possible for our valued clients.Here are key...

Great news for Oman’s economic outlook! Oman’s sovereign debt rating is back to investment grade. S & P Global Ratings raised its long term foreign and local currency sovereign credit ratings on Oman to ‘BBB-’ from BB+. S & P...

We would like to inform you of recent changes to the laws governing: SPF payment for expats  New prohibited expatriate worker visas Temporary Job Restrictions Foreign investment activities in Oman Please find a summary of the key updates below: SPF (Ex PASI) payments for Expat employees...

PASI (Now called SPF) You may have experienced difficulties obtaining invoices and statements from PASI. Although there has been no official announcement this is to inform you of the changes that the government are making and the reasons for the confusions. Firstly, PASI...

Under Royal Decree 6/2022, Oman introduced its first Personal Data Protection Law (PDPL). Recently, the Minister of Transport, Communications and Information Technology issued the Executive Regulations to guide the implementation of this law, effective from February 5, 2024. Businesses have...

We would like to bring to your attention an important update from the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) regarding new regulations for foreign investors operating in Oman.The decision follows a directive by the Council of Ministers that starting...

The Ministry of Labour has issued a directive mandating the registration of all companies, irrespective of size (large to SME), into the Wage Protection System (WPS). This initiative emphasizes the criticality of prompt adherence to this compulsory procedure. The WPS,...