Times of Oman - December 24, 2015

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6 085010 120010 FROM THE WORDS OF HIS MAJESTY THE SULTAN

Before the opening of the annual session of the Council of Oman, 2004

‘His Majesty’s Wisdom’ No society can isolate itself without interacting and communicating with others.

THURSDAY, December 24, 2015 / 12 Rabi Al Awal 1437 AH timesofoman.com

DECISION

HM grants Royal pardon MUSCAT: His Majesty Sultan Qaboos bin Said, the Supreme Commander, has issued a Royal pardon to a number of prisoners convicted of different cases. A responsible source at the Royal Oman Police (ROP) said that they included 208 prisoners, including 73 foreign prisoners. His Majesty, the Supreme Commander’s Royal pardon comes to coincide with Prophet Muhammad’s (PBUH) Birthday, as well as in consideration of the families of the prisoners. -ONA

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As the surcharge is to be passed on to the customers, they will have to pay an

30,000

additional 3% apart from the current 1.6%

tax free Omani rials of panies m ceiling for co oved, has been rem e th bringing all der companies un t ne x the ta

government tax

REJIMON K

reji@timesofoman.com MUSCAT: His Majesty Sultan Qaboos bin Said has received a cable of thanks from His Highness Sheikh Sabah Al Ahmed Al Jabir Al Sabah, Emir of Kuwait, in reply to His Majesty’s condolences cable to him on the death of Sheikha Najma Al Abdullah Al Ahmad Al Jaber Al Sabah. In his cable, Sheikh Sabah expressed his utmost thanks for His Majesty the Sultan’s sincere condolences and sympathy, praying to Allah the Almighty to rest the deceased’s soul in peace and protect His Majesty against all harms. >A3

MUSCAT: Insurance is set to cost more in Oman as Majlis Al Shura has decided to impose a 3 per cent surcharge, in addition to the existing 1.6 per cent government tax, on premiums. “The Shura has voted and okayed the introduction of a 3 per cent surcharge on insurance premiums. It’s a move to generate extra revenue. We have to look into all kinds of solutions as the oil price dip is making it tough for us,” a source from the Majlis Al Shura said. Out of the 39 members present,

ADDITIONAL BURDEN: The proposal will be now forwarded to the State Council.

22 voted ‘yes’ and 17 voted ‘no’. The proposal will be now forwarded to the State Council. According to the Shura source, life insurance and reinsurance schemes will be exempted from the new surcharge payment. Meanwhile, a top official from an insurance firm said the surcharge would be passed on to the customer.

“At present, the 1.6 per cent tax is paid by the customer. Now, we will have to also pass on the 3 per cent surcharge to them,” the insurance firm official said. However, the official was not clear about whether the government entities, who also take insurance, would also have to pay the surcharge. “Currently, government enti-

ties are exempted from paying the 1.6 per cent tax. So, until the bill is issued officially, we won’t be able to comment on that,” the official explained. However, the Shura source said they were told that everyone would have to pay the surcharge. On Tuesday, the Shura had also voted for major tax reforms to fill the state’s coffers and meet the

TOURIST VISA

Times News Service

The promoter of social justice

A4

MUSCAT: Un-sponsored visitors will now be able to apply for a tourist visa using the Royal Oman Police’s (ROP) new online e-visa application. The initiative is aimed at enhancing ROP’s services to minimise the time and effort spent on its processing. It will also enable people to fill tourist visa applications through the ROP’s website, thus reduc-

ing the time taken for purchasing the application form and getting it typed. Group 1 nationals The tourist visa has been made easier, especially for the 66 countries listed in Group 1, including those from the United Kingdom, United States of America, Canada and Lebanon among others. Applicants from these countries can submit their application forms at the Sultanate’s ports, land bor-

ders or airport and receive their tourist visa. The new service also caters to those, who are not on the list of Group 1 nationals, but are either spouses or children of Group 1 nationals. Conventional applications Countries, such as India, Pakistan, Bangladesh and the Philippines, among other nationals, who are not on the list of Group 1 countries, will still have to apply for a tourist visa conventionally.

PRIZED POSSESSION

Omani collector shares treasure troves with public Times News Service MUSCAT: After 14 years of hunting for rare, valuable historical pieces from around the world, a 25-year-old Omani private collector, a resident of Mabela, decided to share his treasures at Oman Avenues Mall on Wednesday.

Times of Oman on Wednesday. He said the idea of collecting unique items came to his mind when he found a 1315 Hijri anna (coin) while playing with his

friends. “Since then I have been searching and today I am the proud owner of some of the rare collections of currencies and antiques in Oman,” he said.

2016 budget deficit. The Shura has proposed to imposing a 3 per cent increase in corporate income tax, removing the tax free ceiling of OMR30,000 for companies and bringing all companies under the ambit of taxation, regardless of their grade. The current corporate income tax for companies, which is 12 per cent, will become 15 per cent if approved by the State Council. The Shura has also voted for increasing taxation for the oil and gas industry-based companies from 12 per cent to 35 per cent, and increase the tax for Liquid Natural Gas (LNG) companies from 12 per cent to 55 per cent to bring it at par with oil companies. Oman’s income has fallen by more than 60 per cent since June 2014, when it used to sell oil at $115 per barrel. According to data released by the National Centre for Statistics and Information (NCSI), Oman’s budget deficit for the first eight months of 2015 rose to OMR2.68 billion as falling crude oil export revenues started affecting the fiscal balance. This is against a surplus of OMR205.7 million for the same period last year and against a projected deficit of OMR2.5 billion for the entire year by the government. TOP THREE INSIDE STORIES

e-visa norms eased for tourists

Antiques His rare collection consists of antiques such as cameras, typewriters, coins, passports, old home utensils, jewellery, and handicrafts. “I’ve been collecting items from 2001 when I was just 11-year-old,” Abdul Aziz Alkharusi, told the

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Customers to be hit by 3pc insurance hike

CABLES

His Majesty receives thanks

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Unique collection The Oman Avenues Mall will be hosting his unique collection of antiques for a period of four days — from December 23 to 26. Commenting on the exhibition, the General Manager of the Oman Avenues Mall, Ben Watson, said

the mall has always strived to be a destination for the Omani community; this is another step in this direction, which is to offer a platform to emerging talent for showcasing their skills. What’s more fascinating, Alkharusi admitted, is the antiques’ journey and the number of hands they changed over the years. “Yet, surprisingly, the quality remains almost perfect,” he said. Commenting on his most prized collection, he said he loves notes, which have got mistakes all over them. “I love a note, which was written by hand and old coins belonging to hundreds of years before the Christ. These are really hard to find,” Alkharusi added.

OMAN

Omani inmates showcase art

1

Wooden ship sculptures, canvas paintings and handicrafts made by the Omani inmates are being showcased at the Muscat Grand Mall, which was turned into a beautiful art gallery on Sunday.>A2

OMAN

Supreme Council reviews rail project

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Railway project was reviewed by the Supreme Council. The mechanisms for its implementation will play a key role in the growth. >A3

MARKET

Sultanate’s non-oil exports decline 7%

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Oman’s non-oil exports fell by 7.1 per cent at OMR1,920.4 million for the first seven months of 2015, from OMR2,066.7 million for the same period of last year. A fall in commodity prices must have caused the fall in export revenue this year. >B1


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