Sultanate of Oman definition

Sultanate of Oman means the territory of the Sultanate of Oman and the islands belonging thereto, including the territorial waters and any area outside the territorial waters over which the Sultanate of Oman may, in accordance with international law and the laws of the Sultanate of Oman, exercise sovereign rights with respect to the exploration and exploitation of the natural resources of the sea-bed and the sub-soil and the superjacent waters;

Sultanate of Oman means the territory of the Sultanate of Oman and the islands belonging thereto, including the territorial waters and any area outside the territorial waters over which the Sultanate of Oman may, in accordance with international law and the laws of the Sultanate of Oman, exercise sovereign rights with respect to the exploration and exploitation of the natural resources of the sea-bed and the sub-soil and the superjacent waters; b - the terms “a Contracting State” and “the other Contracting State” mean the Sultanate of Oman or Switzerland as the context requires; c - the term “person” includes an individual, a company and any other body of persons; d - the term “company” means any body corporate or any entity that is treated as a body corporate for tax purposes; e - the terms “enterprise of a Contracting State” and “enterprise of the other Contracting State” mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State;

Sultanate of Oman means the territory of the Sultanate of Oman and the islands belonging thereto, including the territorial waters and any area outside the territorial waters over which the Sultanate of Oman may, in accordance with international law and the laws of the Sultanate of Oman, exercise sovereign rights with respect to the explora- tion and exploitation of the natural resources of the sea-bed and the sub- soil and the superjacent waters; c - the terms “a Contracting State” and “the other Contracting State” mean the Sultanate of Oman or the Portuguese Republic as the context re- quires; d - the term “tax” means Portuguese tax or Omani tax, as the context re- quires; e - the term “person” includes an individual, a company and any other body of persons; f - the term “company” means any body corporate or any entity that is treat- ed as a body corporate for tax purposes; g - the terms “enterprise of a Contracting State” and “enterprise of the other Contracting State” mean respectively an enterprise carried on by a resi- dent of a Contracting State and an enterprise carried on by a resident of the other Contracting State;

Examples of Sultanate of Oman in a sentence

• In the case of Singapore, where under its current taxation laws, dividends are paid by a company which is a resident of Singapore to a resident of the Sultanate of Oman who is the beneficial owner of such dividends, there is no tax in Singapore which is chargeable on dividends in addition to the tax chargeable in respect of the profits or income of the company.

• In the case of the Sultanate of Oman, it shall include the State General Reserve Fund.

• In the Sultanate of Oman, double taxation shall be avoided as follows: Where a resident of the Sultanate of Oman derives income which, in accordance with the provisions of this Agreement, may be taxed in Singapore, the Sultanate of Oman shall allow as a deduction from the tax on the income of the resident an amount equal to the income tax paid in Singapore, whether directly or by deduction.

• Where such income is a dividend paid by a company which is a resident of the Sultanate of Oman to a resident of Singapore which is a company owning directly or indirectly not less than ten (10) percent of the share capital of the first-mentioned company, the credit shall take into account the Omani tax paid by that company on the portion of its profits out of which the dividend is paid.

More Definitions of Sultanate of Oman

Sultanate of Oman means the territory of the Sultanate of Oman and the islands belonging thereto, including, the territorial waters, the air space and any area outside the territorial waters over which the Sultanate of Oman may, in accordance with international law and the laws of the Sultanate of Oman, exercise jurisdiction or sovereign rights with respect to the exploration and exploitation of the natural resources of the sea-bed and the sub-soil and the superjacent waters; c - the terms “a Contracting State” and “the other Contracting State” mean the Sultanate of Oman or the Kingdom of Spain as the context requires; d - the term “person” includes an individual, a company and any other body of persons; e - the term “company” means any body corporate or any entity that is treated as a body corporate for tax purposes; f - the terms “enterprise of a Contracting State” and “enterprise of the other Contracting State” mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State;

Sultanate of Oman means the territory of the Sultanate of oman and the islands belonging thereto, including, the territorial waters, the air space and any area outside the territorial waters over which the Sultanate of oman may, in accordance with international law and the laws of the Sultanate of oman, exercise jurisdiction or sovereign rights with respect to the exploration and exploitation of the natural resources of the sea-bed and the sub-soil and the superjacent waters; c - the terms “a Contracting State” and “the other Contracting State” mean the Sultanate of oman or the Kingdom of Spain as the context requires; d - the term “person” includes an individual, a company and any other body of persons; e - the term “company” means any body corporate or any entity that is treated as a body corporate for tax purposes; f - the terms “enterprise of a Contracting State” and “enterprise of the other Contracting State” mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State;