New selective tax on listed food, drinks from June

Business Sunday 26/May/2019 18:55 PM
By: Times News Service
New selective tax on listed food, drinks from June

Muscat: A selective tax that will be levied on tobacco, pork meat, energy drinks and soft drinks will come into force on 15 June.
The move was announced by the Secretariat General for Taxation (SGT).
In a statement, the SGT said: “June 15, 2019 is the date for the hike in selective tax that includes tobacco and its derivatives, pork and meat products, alcoholic beverages, and energy drinks by 100 per cent and soft drinks by 50 per cent.”
All those who manufacture and import as well as sell these goods in Oman will be required to pay this tax.
The SGT said: “The registration is subject to selective taxes on importers and producers of selective goods, and all those who put these goods for consumption, and anyone who owns them in possession of it, and authorised by the Secretariat General for Taxation to establish a tax warehouse.”
In addition, those who do sell, manufacture and import these goods will need to send a declaration on the day before the tax comes into force, stating that they do deal with pork and meat products, alcohol, tobacco, soft drinks and/or energy drinks.
"Any person engaged in an activity relating to selective goods such as import, production, trade or distribution shall submit a transitional declaration on the day preceding the date of application of the tax, to be calculated and payable within 15 days from the date of application of the tax," said the Government Communications Centre.