Regulation, Risk & Compliance
Tax
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Saudi Arabia to become first GCC country to impose 'sin tax'
Saudi Arabia will become the first Gulf Cooperation Council (GCC) country to impose excise tax at 100 percent on tobacco products and energy drinks, and 50 percent on soft drinks, from June 10. The news comes days after the UAE Federal Tax Authority (FTA) said it will start imposing excise…
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Click here to read the full story: Arabian Business