Breaking news on trade front in KSA, KSA Ministry of Finance announced finance stimulus package to address the unprecedented effects and consequences of the coronavirus (COVID-19) global pandemic crisis, and is taking immediate measures to ensure the safety of its citizens and residents, and to address its fiscal, financial and economic impact.
On trade front, it is postponing the collection of customs duties on imports for a period of 30 days against the submission of a bank guarantee, for the next 3 months and setting the necessary criteria for extending the postponement period for the most affected activities as needed.
Source SA Government
