Saudi Arabia approves VAT implementation

28 February 2017

The Saudi Arabian government approved the introduction of VAT in the country from 1 January 2018.

The standard VAT rate will likely be set at 5% and VAT will also be introduced in the five other Gulf Co-operation Council countries (Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates) at the same time.

LATEST NEWS

Lithuania considers a standard VAT rate increase

Lithuania is currently considering whether to increase its standard VAT rate by 1% from 21% to 22%. This is being proposed to help meet additional military...

SEE MORE
VAT news
LATEST NEWS

Brazil to introduce indirect taxes on digital service...

From 2026, Brazil will introduce two new indirect taxes that will replace its old tax system. These two new taxes will work in a similar way to VAT and are...

SEE MORE
VAT news
LATEST NEWS

Ireland increases the VAT rate applied on...

The Irish government has confirmed that from 1 January 2026, the VAT rate will increase from 9% to the standard rate of 21% for: Accommodation...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.