Oman’s Ministry of Health has proposed tax on sugar and fast food

Oman’s Ministry of Health has proposed a TAX charge on sugar and fast food setups, a top authority personal has said.

Dr Ali Ibn Talib Al Hinai, undersecretary of the Ministry of Health for Planning Affairs stated: “The Ministry of Health has mentioned imposes on sugar and fastfood, with the proposal to set up a medicinal city there will be a free “Wellbeing Fund” – a financial arm that will fund the Medical City.”

He included, “This will be subsidized different ways, including charges on substances that are unsafe to a people wellbeing -, for example, tobacco and liquor, fast food, as well as fees on health services.”

Al Hinai expected that exacting taxes on sugar and fast food is relied upon to produce OMR80 million to OMR100 million every year with a normal return of 8 percent, the figure is required to be between OMR10.2 billion of every 10 years.

In June, Oman changed the impost tax charge on liquor to a sum of 50 percent rather than 100 percent for a time of a half year, as per the Ministry of Finance.

Source: TimesofOman