Navigating Compliance Risks Under Oman’s Excise Tax Law (2)

Oman’s Excise Tax regime is a cornerstone of the country’s fiscal policy, designed to curb the consumption of goods harmful to health and the environment while generating government revenue. Introduced in line with broader GCC commitments, the law places obligations on importers, producers, and traders of excise goods.

Scope of Excise Tax

Excise Tax in Oman applies to:

• Tobacco and related products
• Alcoholic beverages
• Energy drinks
• Carbonated and sweetened drinks
• Vaping products and related devices

The tax is levied when goods are imported, produced, or released for consumption within Oman.

Registration & Compliance

Businesses dealing with excise goods must register with the Oman Tax Authority within 30 days of commencing activities. Registered businesses are also required to:

• File tax returns electronically.
• Maintain accurate records for at least five years
• Ensure goods are properly declared at the point of import or production.

Non-compliance can result in severe penalties, including fines and possible suspension of operations. For businesses, understanding and complying with these obligations is critical to avoid reputational and financial risks.

For understanding more about Corporate Tax, VAT, Excise Tax, Financial Services, Advisory Services, reach out to us on: contact@acme-group.me |+971 52 740 1169