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Tax evaders in Oman to lose business licences

Oman's tax department has said firms defaulting on their tax payments to the government could have their business licences revoked, The National has reported. Tax-evading companies cost the Sultanate up to OR50m ($129.9m) a year, the department said. "Certain companies, including multinationals, do not pay tax in time or try to dodge for not paying in full or not at all," an official at the tax department in the ministry of finance was quoted as saying.