The selective Value Added Tax (VAT) will take effect from tomorrow (Sunday) at noon.
The announcement was made by the General Authority for Zakat and Tax (GAZT), in compliance with the decision which was taken by the GCC General Secretariat on May23.
A 100% tax will be imposed on tobacco products and energy drinks, as well as a 50% levy on carbonated beverages, taking account of retails prices.
Importers of goods subjected to the VAT tax are required to register online on the GAZT portal.
Traders were also urged to start declaring their stocks of goods subjected to the tax for the transitional period tomorrow (June 11) and pay the dues within 45 days to avert any penalties or fines.
According to latest statistics, a third of the Saudi nationals - that is around 6.5 million citizens – would be the main VAT taxpayers.