Saudi Arabia widens excise tax to sweetened drinks, E-Cigarettes

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The move comes as Crown Prince Mohammed bin Salman looking to transform the Arab nation's economy, which calls for boosting non-oil revenue.

RIYADH: Saudi Arabia will expand an excise tax charged on tobacco and soda to include electronic cigarettes and all drinks with added sugar as part of its efforts to boost non-oil revenue.

The world’s largest crude exporter has introduced several new taxes and fees over the past few years as part of Crown Prince Mohammed bin Salman’s economic transformation plan, which calls for boosting non-oil revenue.

 

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