NEW TAX A DAMPENER ON MIDDLE EAST PERSONAL CARE PRODUCT SALES
February 1st, 2018
CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices. This has followed the imposition of an expatriate dependent tax in Saudi Arabia last July (2017), and new excise taxes (on non-beauty lines) in Saudi Arabia last June, the UAE in October, ...
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