- Saudi Arabia announces new fee rules on customs services
- Resolution will come into effect on 6 October 2024
- Waiver of export service fees
- Reduction of import service fees with new calculation mechanism
- Aim to facilitate trade, improve transparency, and alleviate financial burdens for exporters and importers
- Resolution part of efforts to establish Saudi Arabia as global logistics hub
- Draft resolution proposed in February 2024 after public consultation
- New fee structure includes maximum and minimum fee caps for imports
- Fees applicable on goods cleared for final import, not on goods to be re-exported or under customs duty suspension or deferral status.
Source: globaltaxnews.ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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