Saudi Arabia to impose selective tax on soft drinks from December 2019

13/06/2019 Argaam

 

Saudi Arabia will impose a selective tax on soft drinks as of Dec. 1, 2019, the Kingdom’s General Authority for Zakat and Tax (GAZT) said.

 

Earlier in May, GAZT approved amendments to existing regulations, including a 100 percent tax on tobacco and its by-products, a 100 percent tax on energy drinks, and a 50 percent tax on soft and sugary drinks.

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