Posted by : Aahil Shaik Sunday, June 28, 2020
E-Commerce transactions of Imported goods subject to be a 15% VAT from July - Saudi Customs
The Saudi Customs clarified that the VAT applies to e-commerce transactions of goods imported from outside Saudi Arabia will be subject to a 15% Value Added Tax on or after 1 July 2020. Trending : GACA begins easing the return of Health practitioners tp Saudi Arabia
The General Authority of Customs stated that all sales and purchases in e-stores that includes importing products to Saudi Arabia through customs will be subject to a VAT tax of 15% if their import or consignment arrives on or after July 2020. Recommend : Jeddah bids farewell to old airport, after 40 years of service
- The adjusted tax applies to all supplies of taxable goods or services imported into the Kingdom and currently subject to the 5% rate.