The General Authority of Zakat and Tax (“GAZT”) of the Kingdom of Saudi Arabia (“KSA”) announced recently that it will start applying a 50% Excise Tax on Sugar Sweetened Beverages (“SSBs”) and a 100% Excise Tax on electronic devices and equipment used for smoking, as well as the liquids used in electronic devices and equipment used for smoking.
Source Michaela Merz
Latest Posts in "Saudi Arabia"
- Saudi VAT 2025: Digital Marketplaces Face New Deemed Supplier Liabilities and Compliance Challenges
- Saudi Arabia Simplifies Proof of Origin Rules for GCC Imports, Removes Guarantee Requirement
- Saudi EXIM Empowers Saudi Exporters with Comprehensive Risk Mitigation and Insurance Solutions
- Navigating Tax Compliance and ZATCA Audits in Saudi Arabia: Key Triggers, Process, and Penalties
- Saudi VAT 2025: Stricter TOGC Rules and Cessation Obligations for Business Transfers and Closures
