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Saudi Arabia expects $9bn VAT revenue in first yearSaudi Arabia is expecting a total of SR35 billion ($9.3 billion) in revenue during the first year of applying the value-added tax (VAT), the project manager of VAT at General Authority of Zakat and Tax (GAZT) was quoted as saying in a media repo More… |
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Saudi businesses urged to register for VATSaudi Arabia’s General Authority of Zakat and Tax (GAZT) has urged businesses with annual revenues over SR1 million ($266,300) to expedite their VAT registration process and ensure their readiness for its implementation. The More… |
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Saudi Arabia to impose 5pc VAT on fuelSaudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying. The confirmation was stated in a reply More… |
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Saudi Arabia to impose 5pc VAT on fuelSaudi Arabia will apply the standard value added tax (VAT) of five per cent on fuel, the kingdom's General Authority of Zakat and Tax (GAZT) has been quoted as saying. The confirmation was stated in a reply More… |
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Saudi Arabia seeks feedback on VAT Implementing RegulationsSaudi Arabia's General Authority of Zakat and Tax (GAZT) has launched a public consultation on the draft Implementing Regulations for the proposed value-added tax (VAT) in the kingdom. The public consultation is to invit More… |
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GAZT launches public consultation on VATSaudi Arabia’s General Authority for Zakat and Tax (GAZT) has launched a public consultation of the Draft Implementing Regulations for Value Added Tax (VAT), which is open for feedback until August 19. This consultation foll More… |
