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Was an excise tax levied on goods stored in warehouses before adoption of the Tax Law?

As a transitional phase, excise tax will be levied on stored goods that have been already offered as a consumed commodity in Saudi Arabia and have been stored for commercial purposes by any person as if the date of the law coming into force, or the date of imposing the excise tax or the date of issuing a resolution resulted in an increase of the tax rate levied on effective excise goods or its tax base. This applies provided that such goods are not suspended due to customs duties or levied excise taxes and are not owned by any government entity. The owner of any goods to whom the transitional provisions apply shall file a one-time transitional declaration and pay the tax due to GAZT within 45 days from the due date even if such owners are not obliged to register for excise tax at GAZT.
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Last Update: 04 Sep 2020 06:06 PM Saudi Arabia Time