Muscat, Oman Chamber of Commerce and
Industry (OCCI) today organized a meeting on the application of excise
tax for employers and business owners to introduce the mechanism of
applying the excise tax and its requirements and the mechanism of
calculating them starting June 15th.
During the meeting, the concept of excise taxation was introduced,
along with selective goods, the method of calculating the due tax, the
standard price, exemptions from the tax and the requirements of
compliance with the excise tax. The meeting also discussed the
readiness of the General Secretariat of Taxation to apply the tax.
Sulaiman bin Salim al-A'di, Director General of Taxation and Tax
Agreements and Head of the Excise Tax Implementation Team at the
General Secretariat of Taxation, said that the aim of applying the excise
tax is to promote healthy life and remedy negative practices by
modifying the consumption pattern of individuals and representing an
additional source of public finance for health and social care.
He pointed out that the commodities subject to excise taxation were
agreed upon within the framework of the GCC countries, indicating that
the goods subject to excise tax were determined in the Sultanate by a
decision of the Minister Responsible for Financial Affairs, after the
approval of the Council of Ministers, namely pork, energy drinks,
alcohol, tobacco and its derivatives.
He pointed out that the tax is due to the importer, the producer and the
consumer. He pointed out that the tax is due on the date in which the
selective goods are put up for consumption. Selective goods are
available for consumption at production and at the time of importation,
and upon release from any suspended tax status and in case of
Source: Oman News Agency