SAUDI ARABIA

15% VAT is temporary and it will be reduced from 5% to 10%, Crown Prince Mohammed bin Salman

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15% VAT is temporary

15% VAT is temporary and it will be reduced

HRH Crown Prince Mohammed bin Salman confirmed that 15% VAT is temporary and it will be reduced from 5% to 10%.

The VAT will be returned to normal from 5% to 10% in the future. 15% VAT is temporary.

HRH Crown Prince Mohammed bin Salman

“There are no plans at all to introduce an income tax in the Kingdom of Saudi Arabia,” the Crown Prince said during his interview.

HRH Crown Prince Mohammed bin Salman

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