VAT News

Saudi Arabia-VAT update

Following the release of the draft VAT law, and subsequent consultation period which recently closed, the Saudi authorities have now releases the draft implementing regulations for VAT which provides further details of how the new VAT system will operate in Saudi Arabia from 1 January 2018.

A consultation has also been opened for the document which allows businesses to provide their comments. This period will close on August 19 2017, following which the finalised law and regulations will be released.

The draft document has been released in Arabic, but will shortly be available in English. Further details will be posted in due course.

Related articles

UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more
Romania postponing VAT cut

Romania is considering postponing cutting the19% VAT rate to 18% for 2019.

Read more