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Saudi Arabia declared the public hearing before the introduction of VAT

The Directorate General of sakato and taxes of the Kingdom of Saudi Arabia announced a public hearing on the bill on the introduction of a tax on added value.

The bill is under final approval and the tax should be introduced from 1 January 2018.

The hearing was announced after the cooperation Council of the Gulf countries (GCC) announced the ratification of the framework agreement on the introduction of VAT.

Until the end of the third quarter of 2017, the population of the Kingdom and operating in it companies can submit proposals and objections concerning the law on VAT.

Saudi Arabia declared the public hearing before the introduction of VAT 01.06.2017

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