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...

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