Part 3 - Chargeability to Tax
Chapter 2 - Rules for Deduction from the Gross Income
Section 6 - Provisions Concerning Taxpayers in the Field of Petroleum Exploration
Article 76
[GTL Notes: Related Party Rules for Petroleum Deductions]
The provisions of the foregoing Article 75 shall apply where any of the amounts mentioned therein is paid by a party related to any taxpayer engaged in petroleum exploration, provided that:
The main activity of these two parties in Oman shall be the production of or dealing in petroleum;
Dealings between these two parties in Oman in the tax year or period shall be in the ordinary course of business of each of them.
The provisions of this Article shall not prejudice the other cases in which the relationship between the two parties emerges from direct or indirect ownership by one party of shares of the other party, or from direct or indirect ownership of the shares of both of them by another person.