The International Monetary Fund (IMF) has suggested that the value-added tax (VAT) should be doubled from five per cent to 10 per cent in Saudi Arabia in consultation with the other Gulf countries.

Saudi Arabia plans to introduce a value-added tax (VAT) refund system for international visitors beginning in 2025. The initiative, revealed in the Kingdom’s 2025 budget, aims to make the ...

Saudi Arabia’s new value-added tax is expected to bring in SAR35bn ($9.3bn) during its first year, according to officials. The project manager of VAT at Saudi Arabia’s General Authority of ...

1 next year. It was also announced that companies and businesses have only three days left to register and obtain their dedicated VAT account numbers. Saudi Arabia’s General Authority for Zakat ...

Dubai - Tripling the VAT to 15 per cent could generate up to five per cent of GDP in non-oil fiscal revenues. Saudi Arabia on Monday hiked value-added tax (VAT) three-fold to 15 per cent and also ...