Oman to impose 50% tax on sweetened drinks

Oman to impose 50% tax on sweetened drinks

Oman to impose 50% tax on sweetened drinks

Oman to impose 50% tax on sweetened drinks

Oman to impose 50% tax on sweetened drinks

Businesses involved with the import, production, trade, and distribution of sugary drinks are subjected to the new taxation. (File/Reuters)

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Oman to impose 50% tax on sweetened drinks

The new law coincides with the Unified GCC Agreement on Selective Tax

The same tax has been applied in the UAE and Saudi Arabia in 2019

Updated 24 September 2020

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DUBAI: The Oman Tax Authority announced a 50 percent excise tax on sweetened beverages from Oct. 1, national daily Times of Oman has reported.

The new law coincides with the Unified GCC Agreement on Selective Tax which applies to products deemed to be harmful to a person's health. The UAE and Saudi Arabia have levied the