The General Authority for Zakat and Tax (GAZT) has implemented an extensive inspection campaign to shops in the retail sector, the Saudi Press Agency reported.
Saudi gold traders are reporting a spike in business as investors snap up the precious metal ahead of the introduction of the new 15 percent VAT rate next week.
VAT RATE CHANGES PER JULY 1, 2020 Country Old rate New rate Scope Link Austria July 1 – Dec 31, 2020 20 10 Reduction in the VAT rate to 10% on non-alcoholic beverages until the end of 2020. As provided in the law...
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