(Bloomberg) -- Saudi Arabia will begin implementing a new excise tax on sweetened drinks from Dec. 1, according to the official gazette, as the kingdom seeks to boost non-oil revenue.
The General Authority of Zakat and Tax is expanding a levy charged on tobacco and soda to include electronic cigarettes and all drinks with added sugar. Authorities have said the latter will be taxed at 50%.
Saudi Arabia Widens Excise Tax to Sweetened Drinks, E-Cigarettes
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