Wednesday, April 3, 2019

In the Pipeline


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.