VAT
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Saudi Arabia
Saudi Crown Prince: We Are Close to Achieving the Goals of the Kingdom’s Vision Before 2030
Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom will achieve several of its Vision 2030 goals before 2030.…
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Saudi Arabia
Saudi Customs: No taxes on new personal belongings worth less than SR 3,000
Saudi Customs has clarified that travelers arriving in Saudi Arabia will not have to pay customs duty on new personal…
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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
No VAT on Medicine and Medical Equipment
The value-added tax (VAT) will not be imposed on drugs, vitamins, medical devices and products registered with the Saudi Food…
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Economy
Value of Mobile Recharges After VAT Deduction
Telecom companies will deduct 5% VAT on every recharges from 01, January 2018. VAT will be applicable to both pre-paid…
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Economy
VAT: Bank Transaction Fees Effective January 1, 2018
SAMA instructed all Saudi Banks, prepare to collect VAT from January 01, 2018. Customers will have to pay the following charges…
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Economy
VAT of 5% on Money Transfer Fees but not on the Amount
Money transfer charges will increase from Jan. 1 as 5% Value Added Tax (VAT) will be levied on money transfer…
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