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English news

22-Sep-2016

100% increase in tobacco tax in Oman

Oman has implemented the long-awaited hundred per cent increase in taxes on tobacco products. This is the first time government has raised the tax on tobacco products in the last 17 years. The talk of the impending increase in tobacco taxes was going on for the last six years, but it was only in November 2015 that finance ministers of the GCC states approved imposing a 100 per cent selective tax on tobacco and related products equal to the customs duties of these products. (Muscat Daily)

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