There are a number of pending changes coming for Excise and VAT taxes in the GCC/Middle Eastern countries.
- Saudi Arabia is implementing an Excise tax. At this time, it appears to be 50% on soft drinks and 100% on energy drinks, tobacco and tobacco products. The official detailed list of goods has not been included in the Excise Tax law. We might expect more details to be published by June 10, the effective date of that law.
- The UAE has announced the implementation of the excise tax by the end of 2017
- We expect the other GCC states to implement similar taxes in the same period.
- Additionally, all GCC states have agreed to implement a 5% VAT by January 2018.
As these taxes are officially implemented and we have more details we will continue to post updates and make the appropriate changes to our data.