Saudi Arabia to start taxing sugary drinks in December | Fin24
 
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Saudi Arabia to start taxing sugary drinks in December

Jun 15 2019 15:49
Dana Khraiche, Bloomberg

Saudi Arabia will begin implementing a new excise tax on sweetened drinks from December 1, according to the official gazette, 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. Authorities have said the latter will be taxed at 50%.

saudi arabia  |  retail  |  companies  |  sugar
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