Saudi Arabia

Tobacco, Soft Drinks, and Energy Drinks Taxes to be Implemented Soon

 

Taxing soft drinks

According to the government’s Fiscal Balance Program 2020 report in the second quarter of 2017, a 50 percent tax on soft drinks will be implemented. This would aid in combating the country’s high rates of obesity and diabetes, particularly among children.

Taxes on tobacco and energy drinks

Tobacco and its by-products, as well as energy beverages, will also be subject to a 100 percent tax in the second quarter of 2017. This aims to reduce the country’s smoking population. With 14% of teenagers and 7% of women smoking in the Kingdom, the country has one of the highest smoking rates in the world. I

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