Saudi Arabia: Summary of Transitional Provisions for VAT increase

Jun 25, 2020 | VAT Updates

VAT_Updates_MIDDLE EAST

Saudi-Arabia will increase its VAT rate from 5 to 15% per July 1, 2020. The government has issued Transitional Measures addressing specific situations to determine whether old or new VAT rate will be due.

 

Source Credit -Grant Thornton