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DUBAI: Residents in Oman will pay more for their electricity from February as a new fee is introduced based on how much power each household uses, reported on Sunday.
“If the electricity bill is below OMR25, the consumer pays 0.5 percent fees to the municipality Between OMR25 to OMR50 the consumer pays one percent fees and if the electricity bill reached over OMR50 then the two percent fees will be added and paid to the Municipality.” a statement said.
The move comes as Oman looks to pick up economic growth.
International hotels and restaurants, as well as tourist and entertainment centers will also see a 10 percent charge introduced, which will be added to original ticket prices.
Supported by easing fiscal adjustment, infrastructure investment and reforms to promote non- oil sector activity, GCC economies, including Oman, are anticipated to record stronger growth this year, the World Bank said earlier this week.
However, unlike the other GCC countries which have introduced VAT this year, Oman’s Ministry of Finance announced that it had postponed the implementation of the consumer tax until 2019 and the application of other selective taxes to mid-2018.