Friday, June 29, 2018

8 good and services that are exempt from Value Added Tax (VAT)

VAT in Saudi Arabia: The Government of Saudi Arabia imposed Value Added Tax (VAT) on January 1, 2018, at a standard rate of 5%. VAT is an indirect form of tax also called consumption tax, which is imposed on all goods and services whenever the value is added, from production to point of sale. VAT […]

from Life in Saudi Arabia