Value Added Tax
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Saudi Arabia
No plan to review VAT: Finance Minister
Saudi Arabia’s Finance Minister Mohammad Al-Jadaan said that there is no plan at present to reconsider the Kingdom’s value-added tax…
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Saudi Arabia
Saudi Arabia imposes new 5% tax on property deals, exempts from 15% VAT
Saudi Arabia will exempt real estate transactions from a 15% value-added tax (VAT) and instead impose a new 5% tax…
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Economy
Medicines, Government Fees, Money Transfers, and Home Rent are all VAT-Exempt
According to the General Authority of Zakat and Tax, house rent and medicines are exempted from Value Added Tax (VAT).…
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Saudi Arabia
5% VAT on Electricity, Water, School, Mobile Bills
Value Added Tax (VAT) will be levied on power, water and mobile phone bills in Saudi Arabia, Almarsd reported. The…
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Saudi Arabia
Salaries will be exempt from VAT
The General Authority of Zaka and Tax confirmed that the value-added tax (VAT) will not be calculated on Salaries. VAT…
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