19/Octpber/2021 F&B Newsletter

 Standard Draft  / Date of Publishing: 03/10/2021

Affected region:  KSA

Salt Limits Guidelines in Food Products

This standard draft is concerned with the maximum indicative limits for salt in food products, and this standard is applicable to all food products.

Deadline for Comments: 30/10/2021

 Standard Draft  / Date of Publishing: 03/10/2021

Affected region:  KSA

Meat Quality Grading

This standard draft is concerned with classifying the quality of carcasses and cut-offs of meat of camels, cattle, buffalo, lamb and goats.

Deadline for Comments: 30/10/2021

 News  / Date of Publishing: 03/10/2021

Affected region:  KSA

Zakat, Tax and Customs Launched an Interactive Glossary of Terms and Concepts Related to its Business

The Zakat, Tax and Customs Authority has launched a special dictionary of zakat, tax, and customs terms and concepts, which is the first interactive dictionary to be launched in a single file at the local and regional levels.

The authority explained that the dictionary was prepared in accordance with the terms and regulations related to the work of the authority in terms of terms and expressions. To be the reference base in procedural expressions and concepts.

The dictionary aims to be a reference base for everything related to zakat, tax, and customs terms, as the provision of this dictionary comes out of the authority’s responsibility towards building an integrated culture in the fields of zakat, tax, and customs.

 News  / Date of Publishing: 03/10/2021
Affected region:  Bahrain

Bahrain to Hike VAT to 10% in Bid to Cut Deficit

Bahrain plans to double its value-added tax to 10%, the Gulf’s highest rate after Saudi Arabia, in a bid to boost state revenue and curb one of the region’s widest budget deficits.


05/Octpber/2021 F&B Newsletter