Scope of excise duty will be expanded from April 2017 has been saved
Scope of excise duty will be expanded from April 2017
KSA draft excise duty legislation released
The Kingdom of Saudi Arabia (KSA) recently published draft excise duty legislation, which confirms that excise duty will be imposed on tobacco, energy drinks and soft drinks beginning 1 April 2017. The full text of the draft legislation can be found on the website of the General Authority of Zakat and Tax.
Affected businesses should review the draft legislation to assess the impact of the proposed rules.