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Gulf states set for 100 percent tax on energy drinks, tobacco
January 11, 2016, 6:02 pm

Gulf governments are set to impose unified taxes on energy drinks, soft drinks and tobacco, according to a media report. Saudi’s OKAZ newspaper, quoting first-hand sources, said the Gulf Cooperation Council has agreed to impose a unified tax of 50 percent on soft drinks and 100 percent on energy drinks and tobacco.

The report said the financial and economic cooperation committee has been mandated to complete all necessary requirements in preparation of its signing by mid-2016 and approval in early 2017.

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