Oman to impose new excise tax to boost revenue

DUBAI: Oman will impose a new tax on sugary drinks and tobacco products starting on June 15, as the small Gulf oil producer seeks to boost state revenue strained by years of low oil prices.

A 100% excise tax will be introduced for tobacco products, energy drinks, alcohol and pork meat, while a 50% tax will be applied on carbonated drinks, according to a statement from an official at the Secretariat General for Taxation published by Oman’s state news agency on Saturday.