MUSCAT: Oman will introduce 100 percent excise tax on alcohol starting from today.
In 2019, Oman had imposed a 100% tax rate on alcohol and alcohol products. However, the tax authority temporarily reduced the sin tax to 50%. That temporary rate reduction is removed, and the original rate of 100% for the excise tax on alcohol and alcohol products is now applicable from today.
Tax on sweetened drinks
Early last week, the Tax Authority announced its plan to impose 50% tax on sweetened drinks from October 2020. Ready to drink beverages containing added sugar or sweeteners or any form of sugar will attract 50 per cent sugar excise tax beginning this October, said Sultan Al Habsi, chairman of Tax Authority.
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Canned juices, fruit drinks, sports drinks, caffeine drinks and tea will fall under the new tax. 100 per cent natural fruit juices, milk and its derivatives containing a ratio of not less than 75 per cent of milk and Laban are excluded from the new sugar tax. Nutritional supplements, drinks for dietary and medical use are also excluded from the tax.