Coronavirus (COVID-19): Saudi Arabia to triple VAT

Date : 15 May 2020

Jon Wright

Head of Insight - RA EMEA

Saudi Arabia’s Ministry of Finance has announced it is to increase the rate of value added tax (VAT) to 15% from 1 July 2020 as it looks to respond to the economic challenges caused by the coronavirus pandemic. VAT change comes relatively soon after introduction Saudi Arabia only introduced…
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