Saudi Arabia to increase VAT to 15% starting from July 1
Saudi Arabia has decided to increase the value added tax (VAT) from 5% to 15% starting 1 July and to suspend the...
No Change in Expat Fee
The Ministry of Labor and Social Developments informs through their official twitter channel, information circulating in social media that claims "plan to revoke dependents’ fee"...
Saudi Inflation Jumps to 3.0 Percent on Vat, Fuel Price Hike
Inflation rates in Saudi Arabia soared in January after the government introduced a string of price hikes to boost non-oil revenues, authorities said on...
Vat Could Double to 10% in Some Gcc Countries -S&p Report
A recent report by S&P Global Ratings showed that tax rates are considered low in the Gulf countries; Bahrain, Kuwait, Oman, Qatar, Saudi Arabia,...
No Vat on Medicine and Medical Equipments
The value-added tax (VAT) will not be imposed on drugs, vitamins, medical devices and products registered with the Saudi Food and Drug Authority (SFDA),...
Private Education and Health Care Services May Exempt From Vat
The Saudi government is studying the possibility of exempting healthcare services and private education from value-added tax (VAT), Finance Minister, Mohammed Al-Jadaan, told Saudi TV on...