TAX ALERT MAY 2020 | VAT 15% The General Authority of Zakat and Tax (GAZT) published a transitional VAT guide for increasing the standard VAT rate from 5% to 15% effective from 1 July 2020. Where the guide includes the proposed treatments to deal with the contracts and invoices issued during the transitional period along with some illustrative examples. Tax … Read More

TAX ALERT MAY 2020 VAT in Saudi Arabia would be increased from 5% to 15% As part of the measures taken by the Kingdom of Saudi Arabia to mitigate the financial and economic effects of the COVID-19 pandemic, the Ministry of Finance announced, via its press statement issued on 11 May 2020 about the measures taken by the government to … Read More

TAX ALERT MARCH 2020 Economic incentives to counter the effects of the spread of the Coronavirus (COVID-19) pandemic crisis Within the package of initiatives undertaken by the Kingdom of Saudi Arabia government and efforts to counter the effects of the spread of the Coronavirus (COVID-19) pandemic on various economic sectors, and to monitor its impact on the financial markets and … Read More