Oman and Jersey signed a double taxation agreement in Muscat on Wednesday, October 28, 2026. The agreement aims to protect investors, strengthen economic cooperation and prevent tax evasion between the two jurisdictions.
The agreement covers taxes on income and establishes measures to address tax avoidance. By clarifying how taxation applies, both sides aim to reduce uncertainty for individuals and businesses operating across their respective jurisdictions. Furthermore, the arrangement seeks to support investment by providing greater legal clarity.
Nasser Khamis Al Jashmi, Chairman of Oman’s Tax Authority, signed the agreement on behalf of the Sultanate. Ian Gorst, Jersey’s Minister for External Relations, represented the government of Jersey during the signing ceremony. Their participation marked a step forward in efforts to strengthen economic and financial ties.
The agreement focuses on eliminating situations in which the same income could face taxation in both jurisdictions. Consequently, investors may gain greater clarity about their tax obligations when conducting cross-border business. The framework also aims to discourage tax evasion and avoidance through clearer arrangements for handling income taxation.
Moreover, the agreement reflects both sides’ efforts to encourage mutual investment and expand commercial relations. Clearer tax rules can help businesses assess the financial implications of operating across borders. As a result, the arrangement may support more informed investment decisions and facilitate economic engagement.
For Oman, the agreement forms part of efforts to strengthen international financial cooperation. Meanwhile, Jersey’s participation establishes a framework for addressing income taxation issues involving activities connected to both jurisdictions. Such arrangements can help provide greater predictability for investors planning cross-border transactions.
The agreement also seeks to create a more transparent basis for financial and commercial exchanges. By defining how relevant tax matters should be handled, both governments aim to reduce uncertainty surrounding income taxation. In addition, measures addressing tax evasion and avoidance support the agreement’s broader objectives.
The signing follows efforts by both sides to consolidate their economic relationship and encourage closer financial cooperation. Officials expect the framework to help facilitate investment flows and create opportunities for stronger trade partnerships. However, the announcement did not specify a timetable for implementation or provide details about individual tax provisions.
Overall, the double taxation agreement establishes a formal basis for cooperation between Oman and Jersey on income taxation. It also signals a shared intention to improve conditions for investors and strengthen bilateral economic links. The agreement’s practical impact will depend on its provisions and implementation by the relevant authorities.
