Oman set to impose 50% tax on Sugary drinks from October 1

Muscat: Oman set to start 50% tax on Sugary drinks starting from Today, Thursday.

According to the tax authority, sweetened drinks are defined as “any beverages that contain sugar or any of its derivatives or any other sweeteners.

Sweetened drinks are any concentrates, powders, gels, or preparations that can be converted into sweetened drinks.

” Where juices, fruit drinks, energy/sport drinks, canned coffee and tea products are classified as sweetened drinks subject to tax, while the list excludes some products such as 100% natural fruit and vegetable juices, and milk and dairy products when they contain no less than 75% of milk, and supplements. Food, and beverages intended for special nutritional and medicinal uses.

The application of the Excise Tax on sweetened drinks comes within the framework of the unified agreement for the excise tax of the countries of the Cooperation Council. Some GCC countries preceded the Sultanate in applying selective tax on these products.

In accordance with the provisions of Article (15) of the Excise Tax Law, everyone who carries out an activity related to taxable sweetened drinks (such as import, production, trade or distribution) must submit a notification of the balance (stock) of these goods on the day before the tax is applied. That is, the stock at the end of September 30, 2020), provided that this notification is submitted within 15 days of the date of being subject to tax, through the online portal of the tax authority.

The agency emphasized the necessity for importers of goods subject to excise tax (including sweetened drinks) to verify the presence of the products they import on the taxable products list on the tax authority’s online portal. Where they must submit a request to add an excise commodity through the electronic portal of the device before the start of the import of those goods in sufficient time (in case their products are not included in the list), in order to avoid any delay or obstruction in the clearance of the imported shipment upon its arrival at customs ports.

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.