shafprince
We have been hearing news about Tax on Tobacoo to be levied and Cigarette prices to go up in Saudi Arabia. Yes, we were right. Saudi Government has decided to implement a selective tax on products that harms a health of a person such as tobacco products, energy drinks, sodas, etc.
There is a estimation of 6 million smokers in the kingdom of Saudi Arabia and the tax for all the Smokers will be affected from Sunday (11th June 2017)
Implementation is part of a selective tax agreement the Kingdom signed along with the other Gulf Cooperation Council (GCC) member states, which was approved by the GCC secretariat last month.
Tax% is levied according to the danger it poses to human health. So, a most harmful product will have a 100% tax and products such as soft drinks will be levied a 50% tax.
Saudi Arabia is one of a 64th nation out of 127 nations who have increased the price of cigarettes and Cigarette prices will be doubled since Sunday (11th june 2017).
