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

Significant Changes to Polish VAT System

Discover a comprehensive review of the implemented and upcoming changes to the Polish VAT system.

Read more
Impact of Brexit on UK VAT

VAT expert and VATGlobal CEO, Gareth Kobrin explains the impact of Brexit on UK businesses.

Read more
VAT Gap Report Highlights Significant Losses in VAT Revenue Across Europe

EU countries lost €137 billion in VAT revenues in 2017

Read more