On today’s episode, the team go in depth on the subject of selective tax, otherwise known as “sin tax”.
This new tax, set to come in to effect in Saudi Arabia on June 10, and in the UAE later on this year, will double the price of energy drinks like Red Bull, and cigarettes, whilst it will increase the price of all fizzy drinks, like Coca-Cola and Pepsi, by half.
We look at how this will impact the companies selling such products, how it will impact the consumers buying the products, and why the tax is being introduced now.
And finally, we answer all your questions about how the tax will work, and how it will effect your money, and discuss what might come next.
