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Tax flash: Excise tax law approved in Oman

Tax flash: Excise tax law approved in Oman

After Saudi Arabia, the United Arab Emirates, Bahrain, and Qatar, the Sultanate of Oman (‘Oman’) will be the fifth member state of the Gulf Cooperation Council (‘GCC’) to implement the selective/excise tax on specified goods.

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Ashok Hariharan

Partner and Head of Tax

KPMG Lower Gulf

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Tax Flash: Excise tax law approved in Oman

After Saudi Arabia, the United Arab Emirates, Bahrain, and Qatar, the Sultanate of Oman (‘Oman’) will be the fifth member state of the Gulf Cooperation Council (‘GCC’) to implement the selective / excise tax on specified goods.

The Royal Decree 23/2019 published in the Official Gazette Issue No. 1285 on March 13, 2019, promulgated the Excise Tax Law in Oman (‘Decree Law’). The Decree-Law will come into effect 90 days after the date of publication.

The Decree-Law reflects the principles set out in the Common Excise Tax Agreement of the states of the GCC and the Income Tax Law of the Sultanate of Oman. 

Our tax alert highlights the key provisions of the Decree Law, the next steps for businesses to prepare for the implementation of selective / excise tax in Oman and how KPMG can help. 

If you need any assistance with excise tax implementation in Oman, please reach out to your contact at KPMG.

Please feel free to contact your tax advisors at KPMG for further information.

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