Saudi Arabia Expands Scope of Excise Tax
On 15 May 2019, Saudi Arabia's General Authority of Zakat and Tax (GAZT) approved amendments to the selective excise tax regulations that expand the scope of products subject to the tax. The excise tax, which was introduced as part of an agreement with other GCC states, is levied on products deemed harmful to health and originally included a 50% tax rate on soft drinks and a 100% tax rate on en…
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