Saudi businesses must submit excise tax returns before May 15

A 5% fine will be imposed for every 30 days delay in filing

  
Image used for illustrative purpose, A variety of energy drinks for sale in a supermarket on August 30, 2018 in London, England.

Image used for illustrative purpose, A variety of energy drinks for sale in a supermarket on August 30, 2018 in London, England.

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RIYADH: Saudi Arabia’s Zakat, Tax and Customs Authority (GAZT) called on businesses subject to excise goods tax to submit their returns for March and April no later than May 15.

Taxpayers who do submit their returns on time will have to pay a fine worth 5 percent of the amount for every 30 days of delay, GAZT said on its website on Wednesday.

The excise goods tax in Saudi Arabia is imposed on goods that have negative effects on public health or the environment.

Goods subject to the tax include soft drinks, energy drinks, sweetened beverages, tobacco and its derivatives.

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