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The Gulf Cooperation Council (GCC) has approved a revised methodology for calculating excise tax on sweetened beverages, moving from a fixed-rate system to a tiered model based on total sugar content in each drink.
The decision replaces the current flat 50 per cent excise tax on all sweetened beverages, regardless of sugar concentration, with a volumetric approach that determines the tax rate according to the amount of sugar per 100 millilitres of beverage.
According to details confirmed by the Zakat, Tax and Customs Authority (ZATCA), the new methodology introduces four tax bands that will apply to sweetened beverages according to…
