The
Selective Tax Law is promulgated by Sultani Decree 23/2019. This new law will repeal previous provisions
and will be published in the Official Gazette 90 days from 13 March 2019.
The
new law will regulate the prices of tobacco products, energy drinks, alcohol
and pork products. These products will
have a tax increase of 100%, while the tax on carbonated drinks will be
increased by 50%. The Governmental
Communication Center said that the Selective Tax Law seeks to support a healthy
lifestyle.
Sultani
Decree 24/2019 promulgates the establishment of a Food and Safety and Quality
Centre in the Ministry of Regional Municipalities and Water Resources. All governmental competences relating to the
quality and safety of food will be transferred to the Ministry of Regional
Municipalities and Water Resources. Employees
working in departments responsible for the quality and safety of food will also
be transferred, maintaining the same job status.
Following
a meeting of the European Council on 12 March 2019, the United Arab Emirates
and the Sultanate of Oman (in addition to eight other jurisdictions) were added
to the European Union’s list of non-cooperative jurisdictions for tax purposes.
The total number of jurisdictions on the
EU blacklist currently stands at 15.
Please
contact us if you would like more detailed advice on the above.
