Oman - Net taxes on products (current LCU)

The value for Net taxes on products (current LCU) in Oman was -541,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 138,848,300 in 2008 and a minimum value of -1,437,500,000 in 2012.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 600,000
1961 600,000
1962 400,000
1963 600,000
1964 700,000
1965 700,000
1966 700,000
1967 800,000
1968 1,000,000
1969 1,200,000
1970 1,100,000
1971 1,100,000
1972 1,600,000
1973 1,700,000
1974 2,300,000
1975 500,000
1976 4,500,000
1977 4,600,000
1978 4,600,000
1979 8,100,000
1980 12,000,000
1998 129,040,900
1999 136,794,200
2000 47,804,000
2001 76,430,800
2002 80,933,200
2003 68,240,700
2004 71,004,000
2005 -56,410,400
2006 -4,469,000
2007 47,951,700
2008 138,848,300
2009 18,548,400
2010 -646,100,000
2011 -1,344,400,000
2012 -1,437,500,000
2013 -1,415,300,000
2014 -1,324,800,000
2015 -803,100,000
2016 -200,000,000
2017 -351,100,000
2018 -359,500,000
2019 -545,300,000
2020 -541,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts