KSA to impose 5% VAT on fuel 1st January

Riyadh – Mubasher: Saudi Arabia plans to apply a 5% value-added tax (VAT) on gasoline, the General Authority of Zakat and Tax (GAZT) said via one of its Twitter accounts.

This VAT will be imposed starting 1 January 2018, the GAZT said in a reply to an online question.

The GAZT had previously announced that most of commodities and services in the kingdom will be subjugated to a VAT of 5%.

Mubasher Contribution Time: 19-Nov-2017 10:03 (GMT)
Mubasher Last Update Time: 19-Nov-2017 10:03 (GMT)