- 28 Dec
VAT in Saudi Arabia
The implementation of VAT in Saudi Arabia commences from Jan. 1, 2018.
The Unified VAT Agreement for the Cooperation Council for the Unified Arab States of the Gulf (the “Agreement”) was approved by KSA by a Royal Decree No. M/51, dated 3/5/1438 H. The Saudi Arabian National VAT Law issued by a Royal Decree No. M113 dated 2/11/1438 H and its corresponding Implementing Regulations were subsequently issued by the Board of Directors of the General Authority of Zakat and Tax (“GAZT”) by Resolution No.3839 dated on 14/12/1438 H.