Saudi Arabia VAT Rate and Customs Duty Changes | Page 4

OVERVIEW

• VAT Rate will rise from 5 % to 15 % on 1 July 2020

• No exceptions

• Announcement 11 May 2020

• Guidance issued on 20 May 2020

• Transitional period from 11 May 2020 and 30 June 2021

• Transitional rules for contracts and invoices issued before 11 May 2020

• Amendments to regulations issued ( Arabic only )

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