Comment & Analysis
Tax
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Saudi Arabia: VAT rate to increase to 15% as of 1 July 2020
On 11 May 2020, Saudi Arabia’s Minister of Finance announced that the value-added tax rate will increase to 15% from the current rate of 5% as of 1 July 2020. The increase comes as part of the measures taken by the government in response to the economic impact of COVID-19,…
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Click here to read the full story: Deloitte