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
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