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Oman To Enforce New ‘Selective Tax’ From June

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The ‘selective tax’ — or sin tax, will be enforced in 90-days time in Oman after His Majesty Sultan Qaboos bin Said issued a Royal Decree that approves the new levy.

Cigarettes, alcohol, energy and soft drinks are going to be more expensive from June when a new national tax is applied in Oman.

The Royal Decree stated: “By the first Royal Decree, His Majesty Sultan Qaboos bin Said approves the Selective Tax Law. The Tax Law will come into effect after 90 days.”

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“The Selective Goods Tax Law comes as a result of the GCC Standard Agreement on Selective Tax, issued in 2016 by Saudi Arabia, the United Arab Emirates, the Kingdom of Bahrain and the State of Qatar. This tax shall be levied on goods that have damage to public health or the environment in varying proportions,” a statement from Government Communication Centre said on Wednesday.

Source: Gulf News



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