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Mai 28, 2020 (Newsletter Issue 8/20)
Saudi Arabia
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VAT Rate Increased Soon

The Saudi Minister of Finance announced an increase of the value added tax (VAT) rate from 5% to 15% as of July 1, 2020.

The VAT was introduced in January 2018 and applies to goods and services, with some limited exceptions on basic food items, healthcare, and education.

Source: JAH & Co. IP, Qatar