Oman Wealth Tax Guide 2026

No Wealth or Net-Worth Tax

Oman does not levy any tax on an individual's or company's total assets or net worth. There is no annual tax based on the value of assets held, whether financial (stocks, bonds, bank deposits) or physical (real estate, vehicles, art, jewellery).

Example: An individual with a net worth of OMR 10 million (OMR 5M in real estate, OMR 3M in stocks, OMR 2M in cash) pays OMR 0 in wealth tax. A company with total assets of OMR 50 million pays OMR 0 in net-worth tax.

No Annual Property Tax

As detailed in the Property Tax guide, Oman does not impose an annual tax on property ownership. There is no equivalent to council tax, taxe foncière, or Grundsteuer. The only property-related charge is the 3% municipal tax on rental income (tenant's liability) and the one-time 3% transfer fee on sale/purchase.

No Solidarity Surcharge or Special Levies

Unlike some European countries (e.g. France's ISF/IFI, Spain's solidarity tax on high net worth, Switzerland's cantonal wealth tax), Oman imposes no solidarity surcharge, no exceptional wealth levy, and no special contribution on high-income individuals. The 0% personal income tax is absolute and not supplemented by any wealth-based charge.

No Tax on Financial Assets

Bank deposits, investment portfolios, bonds, sukuk, and insurance policies held by individuals are not subject to any annual wealth tax. There is no financial transaction tax (FTT) on stock market trades in Oman (Muscat Stock Exchange charges a nominal trading fee, not a tax). Dividends and capital gains on these assets are also tax-free for individuals (see Investment Income guide).

Zakat vs Wealth Tax

Omani-owned companies pay zakat at 2.5% on capital to the Ministry of Awqaf and Religious Affairs. While zakat has some characteristics of a wealth tax (it is based on capital, not income), it is a religious obligation specific to Omani Muslim business owners and is not a general wealth tax. It applies only to Omani-owned businesses, not to individuals, expats, or foreign-owned entities. See the Zakat guide for full details.

Comparison with Countries That Have Wealth Tax

For a high-net-worth individual considering relocation:

• Oman: 0% wealth tax, 0% income tax, 0% inheritance tax
• France: IFI at 0.5–1.5% on real estate assets over €1.3M
• Spain: Wealth tax 0.2–3.5% on net worth over €700K
• Switzerland: Cantonal wealth tax 0.1–1% (varies by canton)
• Norway: 1.1% wealth tax on net worth over NOK 1.7M
• UAE/QA/KW/BH/SA: Also 0% wealth tax (same GCC position)