Oman’s Secretariat General for Taxation has announced selective tax will be introduced in the Sultanate on 15 June. It will apply to tobacco, pork meat and energy and soft drinks. 50% tax on soft drinks will be levied and 100% on tobacco, pork meat and energy drinks. Manufacturers, importers and those selling these goods in the country will have to pay the tax. By 14 June they will have to have to submit a declaration stipulating they deal with these goods. The tax will have to be paid by 30 June.
The UAE’s Federal Tax Authority has announced tax agents in the country must comply with the five professional standards for tax agents. It follows the publication of a new professional standards guide by the Authority. It provides a detailed explanation of the five standards and conditions tax agents must comply with. These standards are integrity, objectivity, professional competence, confidentiality and professional behaviour. The Authority can strike a tax agent off if they consider it appropriate. They must notify the agent within five working days of their decision and give the reasons. In addition, agents can only practise if they have been approved by the Authority and will be accountable to the Authority.