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Saudi Arabia to impose selective tax on soft drinks in December

Saudi Arabia to impose selective tax on soft drinks in December
The decision will come into force on 1 December 2019

Riyadh – Mubasher: Saudi Arabia is set to begin implementing a selective tax on soft drinks in December 2019, according to a recent statement by the General Authority for Zakat and Tax (GAZT).

In May, the authority approved amendments to existing regulations, including a 100% tax on tobacco and its by-products.

It also imposed a 100% tax on energy drinks, and a 50% tax on soft and sugary drinks.