

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.
more recommended stories
Earthquake reported in Oman Sea 55km from Khasab
Muscat: The Earthquake Monitoring Center at.
Royal Oman Police arrested 4 persons on Drug Smuggling, trafficking
Muscat: Royal Oman Police arrested 4.
Oman shisha cafés: Children under 18 and people over 60 are not allowed, says Muscat Municipality
Muscat: Muscat Municipality clarified the health.
Oman to close land borders starting tomorrow 18 January 2021
Muscat: The Supreme Committee decides to.
Oman’s Minister of Health receives second dose of Covid-19 vaccine
Muscat: Oman Minister of Health receives.
Oman customs seized more than 21,000 bottles of alcohol beverages in North Al Batinah
Muscat: Oman customs seized more than.
Earthquake of 4.7 magnitude reported in Southern Iran, 113km from Khasab
Muscat: The Earthquake Monitoring Center at.
Oman to reopen Shisha cafes from Sunday: Muscat Municipality
Muscat: The Muscat municipality has announced the.
Prayer rooms in Oman shopping malls allowed to reopen: Muscat Municipality eighth package
Muscat: Muscat municipality announces the opening.
Supreme Committee Live: Fine for not returning the tracking bracelet 1000 OMR.
Muscat: Speakers of the 21st Press.
Leave a Comment