- Saudi Arabia updated its Integrated Customs Tariff Schedule, amending, adding, and deleting HS code descriptions, including the introduction of HS code 98.04 for goods moved between domestic customs zones and free zones.
- Customs duty rates were revisedfor various products, notably in food, agriculture, and light manufacturing sectors, with some rates increasing up to 20%, partly aligned with excise tax rules on sweetened beverages
- The changes aim to support domestic industry and agriculture in line with Vision 2030, and importers must comply with the updated HS codes and duty rates to avoid operational disruptions.
Source Tax News
Latest Posts in "Saudi Arabia"
- New VAT Rules: When Marketplaces Must Account for VAT Instead of Individual Sellers
- Saudi Arabia VAT: New Deemed Supplier Rules for Electronic Marketplaces Effective January 2026
- Saudi Arabia Issues Bylaws Establishing Tax and Regulatory Framework for Special Economic Zones
- Saudi Arabia Issues Implementing Regulations for Special Economic Zones, Introducing Tax and Customs Incentives
- 3 countries offering grace periods for e-invoicing mandates
