Fri, 2019-06-21 02:44
JEDDAH: The Saudi tax authority has announced it is to start implementing a selective levy on sugary drinks.
The General Authority of Zakat and Tax (GAZT) will police the introduction of a resolution of the Gulf Cooperation Council (GCC) to expand tariffs to include sweetened beverages, in addition to soft and energy drinks.
From Dec. 1, 2019, drinks will be taxed at 50 percent of their retail sale price in line with GCC regulations issued in June 2017.
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via Latest News of Dubai
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