Saudi Arabia confirms VAT regulations

(MENAFN) The General Authority of Zakat and Tax in KSA proclaimed that its board of directors has confirmed the VAT regulations ahead of its introduction in the kingdom.

Moreover, the regulations, which build on the GCC Unified VAT Agreement and Saudi VAT Law, govern all aspects of the tax implementation in KSA.

In addition, regulations involve 79 articles, divided in 12 chapters and set out the scope of taxation for certain goods and services.

Accordingly, the new website features a range of resources in order to help businesses prepare for VAT, involving video tutorials, guidelines and information packs.



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