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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Dubai Investments reports AED 1.13 billion profit before tax
Dubai Investments has reported profit before tax of AED 1.13 billion for the first nine months of 2026, up from AED 1.10 billion during the same period last year.
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Pinoy Expat Corner
In the fight against cancer, how important is having a strong support system—family, friends, and the community?
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What should beginners know before getting into off-roading? What type of vehicle is ideal for off-road adventures?
