Oman will join its GCC peers on 15 June in levying excise taxes on a number of selected goods deemed to be ‘harmful’ to health and the environment. Tobacco, energy drinks, alcohol and pork products will all be taxed at 100%, with a 50% levy on carbonated soft drinks. The government reckons the ‘sin tax’ will raise OR100mn ($260mn), a small but badly-needed move towards diversifying revenues away from oil and gas. In reality (as is often the case with such taxes) it is...
Oman Nears ‘Sin Tax’ Startup
Published on Fri, 07 Jun 2019 - Volume: 62 Issue: 23Print
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