Saudi Arabia:   Value Added Tax to Become Effective as of January 1, 2018

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Saudi Arabia:   Value Added Tax to Become Effective as of January 1, 2018

 

The Kingdom of Saudi Arabia and United Arab Emirates are expected to implement the Valued Added Tax (VAT) effective January 1, 2018. The VAT will apply to goods and services at the standard rate of five percent, with some limited exceptions on basic food items, healthcare and education.

Source:  Saba IP