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Regulation

Saudi Arabia to start levying sin tax in December

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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.

TAGS : General Authority of Zakat and Tax, Saudi Arabia

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