News & insights

Saudi Arabia: Increase in VAT Rate

May 12, 2020

Saudi Arabia announced that the value added tax (VAT) rate will be increased to 15 percent from the current rate of 5 percent effective July 1, 2020.

By way of background, VAT was introduced in Saudi Arabia in January 2018 and applied to goods and services, with some limited exceptions on basic food items, healthcare, and education.

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