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Non-oil Revenues Hit More than RO1.926 Billion in 2016.

This Week's Economic Bulletin

Muscat, Oct 15 (ONA)--- The gross non-oil revenues in the Sultanate by the end of 2015 stood at RO1.926 million; a decline by 13% compared to RO2.214 billion in 2014.

The statistics released by the National Centre for Statistics and Information (NCSI) pointed out that tax revenues, which stood at RO913.927 million, constituted 47.4% of the gross non-oil revenues, comprising a decline by 1.3% compared to RO926.875 million in 2014.

The big part of the tax revenues came from corporate tax, which stood at RO451.698 million including RO153.433 million collected taxes from Omani companies and establishments, RO245.430 million collected from the mixed companies and establishments, RO32.515 million collected from the foreign companies and establishments and RO20.318 million collected taxes from the companies and establishments established in the Sultanate.

The value of tax revenues from the real estate property stood at RO76.241 million including RO30.526 million municipality fees on lease contracts and RO45.715 million registration fees for the real estate transactions and title deeds.

The local tax revenues for goods and services stood at RO133.566 million including RO11.752 million for business doing licenses, RO54.648 million for transport means licenses, RO29.042 million hotel and inns fees, RO12.901 million concession fees for airports and ports and RO25.221 million assorted fees. The communication service licenses fees stood at RO17.062 million and the custom duties fees stood at RO235.358 million.

On the other hand, the service revenues stood at RO117.808 million including RO61.720 million from water, RO51.245 million from the airport, RO675.800 million from ports and RO4.185 million royalties against public communication services.

The total investment revenues stood at RO390.925 million including RO6.809 million as surplus by the public authorities, RO14.408 million as lease for public properties, RO337.278 million as profits for government investments and RO32.429 million as interests on banking deposits.

The gross revenues from fees stood at RO71.221 million including RO32.480 million as immigration and passport fees and RO38.741 million as administrative fees.

The gross diversified revenues stood at RO185.170 million including fees for expatriate recruitment, compensations, fines and penalties, sales of foodstuff, agricultural revenues and other medical revenues.

The capital revenues stood at RO13.948 million including RO2.560 million including installments collected from sale of social housing and collections from the soft housing loans for limited income families.

Of the gross capital revenues, the revenues from the sale of governmental lands stood at RO10.549 million and RO837.800 million as local capital transfers.

The total capital recoveries stood at RO47.838 million including RO5.056 million as recoveries of loans and RO42.782 million as revenues from sale of investments at public and private organizations.

--- Ends/MS/KH/FS

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Publication:Oman News Agency
Date:Oct 15, 2016
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