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IMPORTANT: A Tax Will Now Be Imposed On Energy Drinks And Other Sugary Beverages In Saudi Arabia
Sugary beverages will now be taxed in Saudi Arabia.
A 50% levy will be imposed on selected sugar drinks throughout the Kingdom
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 the tax that will be imposed on sweetened beverages, in addition to soft and energy drinks.
The tax will be imposed from December 1, 2019
According to the General Authority of Zakat and Tax, the tax will apply to any sweetened beverage that consists of water and sugar, sweeteners, concentrated liquids, powders, or extracts converted to beverages.
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Saudi’s Experiencing A Cold Spell With Temperatures Dropping Below 5°CSome drinks would be exempt from the selective tax, including milk-based products (75 percent at least), milk, infant formula, as well as drinks that contain natural sugar, such as fruit juices and those for medical purposes.
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