VAT Update by General Authority of Zakat and Tax provided to the Saudi Press Agency in a statement. Firstly, the authority has confirmed that the value-added tax or VAT to be increased for all goods and services from 5% to 15%. Saudi Arabia has taken financial measures and announced these changes this week. More details below. VAT Update The changes take effect from 1st July 2020, no changes approved before this date. Citizens and Residents urged to report any violation and increase in VAT by suppliers before the date mentioned. To report any violation, individuals can call 19993 or the … Continue reading VAT Update by General Authority of Zakat and Tax