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.
US judge rejects Elon Musk's bid to set aside Twitter fraud verdict
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UAE thwarts advanced cyberattacks targeting financial sector
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Emirati Supplier Programme awards AED1.78 billion in contracts to SMEs
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Zayed International Airport reports strong passenger, flight traffic
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Pinoy Expat Corner
What inspired them to take photography seriously here in the UAE?
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Why did they choose bowling as their hobby, and what makes it unique compared to other activities?
