The Kingdom began imposing the excise tax in 2017, applying a 50 per cent levy on soft drinks and 100 per cent on energy drinks and tobacco.
Thursday 13, June 2019
(Bloomberg) --Saudi Arabia will begin implementing a new excise tax on sweetened drinks in December, as the Kingdom seeks to boost non-oil revenue.
The General Authority of Zakat and Tax is expanding a levy charged on tobacco and soda to include electronic cigarettes and all drinks with added sugar, sweetened drinks will be subject to a 50 per cent levy, while e-cigarettes and their liquids will face a 100 per cent tax.
The Saudis introduced a five per cent value-added tax (VAT) in January 2018.