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Minister of Finance speaks on value added tax, selective taxes on tobacco products, energy drinks, carbonated beverages
SPA Published in Alriyadh on 08 - 06 - 2016

Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf said that the Kingdom of Saudi Arabia has approved two types of taxes, namely: value-added tax, and selective taxes on harmful goods.
During a discussion of the subject of taxes on the eve of the press conference held yesterday evening in Jeddah to highlight the national transformation program 2020, he said that there is a discussion to gradually work to apply the surcharge on tobacco products as well as energy drinks, and carbonated beverages.

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