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Wednesday, May 29, 2024

GCC selective tax on way

 GCC selective tax on way
GCC selective tax on way

(Riyadh) – The Saudi Ministry of Finance said that it has not yet applied the selective tax on some goods such as soft drinks, energy drinks and tobacco and its derivatives.

It reported that it would be starting the application after the ratification of the consolidated convention on the tax selectivity and the issuance of the rules of procedure, which includes the common provisions contained in this convention and in accordance with the resolutions of the Supreme Council for the Leaders of GCC in the 36th session which was held in December 2015 and the 37th Session in December 2016.

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