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Bahraini Ministers Approve GCC's Selective Excise Tax

by Lorys Charalambous, Tax-News.com, Cyprus

20 October 2017


Bahrain's Cabinet on October 16 approved Gulf Cooperation Council proposals for a selective excise tax on unhealthy drinks, the state news agency reported.

The Cabinet approved a draft law, which would impose a tax of 100 percent on tobacco products, a 100 percent tax on energy drinks, and a 50 percent tax on carbonated beverages. This tax has been proposed to be introduced among all GCC member states.

The bill also includes provisions to deal with non-compliant entities, exemptions, registration, and the licensing of tax warehouses.

It had been proposed that the GCC "selective excise tax" would be in place by October 1, 2017, across all GCC member states. However, as is also the case with a regional proposal for the introduction of a value-added tax from January 1, 2018, the plans have seen setbacks that have resulted in delays.

Approval from the Cabinet means that the law can now be forwarded to Bahrain's bicameral legislature for approval.

TAGS: tax | value added tax (VAT) | energy | law | Bahrain | excise duty | licensing | Gulf Cooperation Council

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