Muscat: His Majesty Sultan Haitham bin Tarik today issued two Royal Decrees reading as follows:
Royal decree No. (37/2025) promulgates the Financial Law, after presenting the same before the Council of Oman.
Article (1) stipulates that the provisions of the Financial Law attached to this decree shall be enforced.
Article (2) states that the Minister of Finance shall issue the Executive Regulation for the law attached to this decree, as well as the decisions for the execution of its provisions. Till such time, the existing regulations and decisions shall stay in effect, without prejudice to the provisions of the aforementioned law.
Article (3) cancels the Financial Law, promulgated by Royal decree No. 47/98. It also cancels all that contradicts the law attached to this decree or contravenes its provisions.
Article (4) says that this decree shall be published in the Official Gazette and shall be enforced 60 days after its date of publishing.
Royal Decree No. 38/2025 promulgates the Law of Special Economic Zones and Free Zones, after presenting the same before the Council of Oman.
Article (1) stipulates that the Law of Special Economic Zones and Free Zones attached to this decree shall be enforced.
Article (2) says that provisions of the attached law, once enforced, shall not prejudice the advantages, incentives, exemptions, facilities and guarantees granted to operating entities and companies operating in the free zones and existing projects in the Special Economic Zone at Duqm. These entities, companies and projects shall continue to retain these advantages, incentives, exemptions, facilities and guarantees until their respective terms expire, in accordance with the legislation and agreements derived therefrom.
Article (3) states that the Board Chairman of the Public Authority of Special Economic Zones and Free Zones shall issue the executive regulation of the attached law within one year from its date of issue. The Board Chairman shall also issue the decisions necessary for the implementation of its provisions. Till such time, the existing regulations and decisions shall continue to be enforced without prejudice to the provisions of the attached law.
Article (4) cancels the Free Zones Law issued under Royal Decree No. (56/2002), as well as all that contradicts the attached law or contravenes its provisions.
Article (5) says that this decree shall be published in the Official Gazette and enforced from the day following its date of publishing.
