Saudi Arabia should consider raising a value added tax (VAT) to 10% from the current 5%, according to the International Monetary Fund (IMF).
The General Authority of Zakat and Tax (GAZT) Board of Directors has approved amendments to various articles of the Value Added Tax (VAT) Implementing Regulations in Kingdom of Saudi Arabia (KSA).
What are the most important VAT updates from the first half of 2019?
Topics: VAT Compliance, Gulf Countries VAT Update (UAE, Saudi, etc.), VAT Registrations, VAT Obligations, Global GST News, EU VAT News, USA VAT News, VAT Trends, VAT Reclaim, Business and Corporate Travel
The new VAT system has been live in Bahrain since January 1st 2019.
The UAE’s Federal Tax Authority (FTA )will only process refund applications for a 6 month period from opening (2 April 2019).