IMF recommends Saudi NOT to reduce the VAT rate again, despite a rosy fiscal outlook. The Ministry had said though that it would consider reducing the rate again within 1-5 years of raising it from 5 to 15%.
Source
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 Launches VAT Refund Program for Tourists to Boost Tourism and Retail Growth
- 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
