Starting June 15, Oman will impose a new tax on sugary drinks and tobacco products.
A 100 per cent excise tax will be introduced on tobacco products, energy drinks, while 50 per cent tax will be applied on carbonated drinks, according to Oman's state news agency.
The new taxes are forecast to generate about 100 million Omani rial (US$260 million) annually.
Oman had originally planned to introduce a 5 per cent value-added tax in 2018, which is now expected to start in 2020.
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Three of US President Donald Trump's top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies that has kept global markets on edge.
Formula 1 sponsorship revenue over $2bn in 2024
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India's Modi says he's received invitation for G7 summit in Canada
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Swiss National Bank denies currency manipulation after being put on US watch list
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Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
