Bahrain-GCC: Excise Taxes Framework Agreement signed by Bahraini Finance Minister

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The Gulf Cooperation Council (GCC) Excise Taxes Framework Agreement has been signed by the Bahraini Finance Minister on 1st February 2017. Bahrain is planning to introduce Excise Tax by mid-2017. The excise levies will be 50% on soft drinks and a 100% tax on cigarettes and energy drinks. Other goods may become subject to the tax. The agreement will become in effect after the completion of all constitutional and legal procedures along with the issuance of the necessary legislation by the legislative authority.

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