Saudi Arabia VAT Rate and Customs Duty Changes | Page 23

FINAL THOUGHTS- THE WIDER IMPACT

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May affect demand for some items – pricing decisions to be made

Impacts both Saudi businesses and businesses selling into KSA

ERP and point of sale systems need to be updated and compliant

Accounting systems need to be able to cope with 5 % and 15 % rate

Changes to the Saudi VAT return system are required to accommodate two rates

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