Oman’s taxation system in general will be amended including the tax rates that will be levied on companies during the coming period, the secretary general of taxation, Ministry of Finance said. Saud bin Nasser Al Shukaili, Secretary General of Taxation, Ministry of Finance said that the Ministry has submitted an amended rate to Majlis Al Shura and State Council for consideration by the Council of Oman. He also noted that there will be selective price on some commodities, such as those harmful to health, such as alcohol, tobacco, ham, fuzzy drinks and energy drinks. The tax will be approved next week and will be implemented starting from 2017. (Times of Oman)