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  • 23-05-19

    New taxes imposed on e-cigarettes and sugary drinks in Saudi Arabia

    (MENAFN) In its attempt to reduce a budget deficit caused by low oil prices, Saudi Arabia has imposed a special tax on electronic cigarettes and sugary drinks, extending similar taxes introduced in 2017A 100 percent tax would be imposed on electronic cigarettes and products used in them, and a 50 percent tax on sugared drinks.The country had already imposed a 100 percent tax on cigarettes and tobacco products, a 100 percent tax on energy drinks and a 50 percent one on fizzy drinks.The decision was taken on May 15 and became effective from Saturday.

    MENAFN2305201900450000ID1098559500

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