Nov 19, 2017
ITS A TIME FOR VAT ON TOBACCO PRODUCTS, ENERGY DRINKS & SOFT DRINKS AFTER SELECTIVE TAX
After the selective tax of 50% and 100% on tobacco products, energy drinks and cool drinks in the month of June of this year, now Its a time to tax again on it as VAT of 5 percent starting from January 1st of 2018. Trending : Selective tax on Tobacco products, energy & soft drinks
Saudi authorities cleared the doubts of various queries raised by consumers, The 3 products (Tobacco Products, Energy Drinks and Carbonated Drinks) are applicable for percent VAT. Recommend : 5% VAT on recharge cards, internet data packs
- The selective tax on these 3 products already raised the prices of it on June by 100 percent and 50 percent, It will raise further by 5% from January 1st.