Saudi-Arabia will increase its VAT rate from 5 to 15% per July 1, 2020. The governement has issued Transitional Measures addressing specific situations to determine whether old or new VAT rate will be due.
Source Grant Thornton
See also
- Transitional Provisions Guidelines of VAT Rate Increase to 15% issued in English
- VAT standard rate to increase from 5% to 15% from 1st July 2020
- Deloitte
Latest Posts in "Saudi Arabia"
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience
- Saudi Arabia Introduces VAT Refund for Tourists, GCC Nationals on Purchases Over SAR 500