Saudi Arabia will increase VAT to 15% starting from July 1

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 payment of...

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...

No Tax on Atm Cash Withdrawals

No Value Added Tax (VAT) will be charged on cash withdrawals from any ATMs, according to Secretary General of the Committee of Information and...

Mobile Recharge Values After Vat Deduction

Telecom companies will deduct 5% VAT on every recharges from 01, January 2018. VAT will be applicable to both pre-paid and post-paid connections. On post-paid...

Ksa to Return Vat Collected to Tourists (Including Hajj & Umrah)

Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has announced they are working on a mechanism that will allow for the return of...

5% Vat on All Food Commodities – List of Goods and Services Subject to...

The General Authority of Zakat & Tax (GAZT) confirms that the VAT will be applicable to All food commodities, including basic commodities without exception. List...