CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Saudi Arabia Launches Consultation On VAT Law

Saudi Arabia Launches Consultation On VAT Law

by Lorys Charalambous, Tax-News.com, Cyprus

02 June 2017


Saudi Arabia's General Authority for Zakat and Tax (GAZT) has launched a public consultation on the draft law governing value-added tax, which is being introduced in Saudi Arabia and in the other Gulf Cooperation Council countries from January 1, 2018.

The consultation is intended to allow members of the public and the business community to provide feedback on Saudi Arabia's VAT draft law before it is sent for final approval. The deadline for feedback submission is June 29, 2017. The accompanying by-laws will be developed and agreed in the third quarter of 2017, the Ministry said.

Tareq Al Sadhan, acting Director General of GAZT, commented: "The consultation is an important opportunity for the public and businesses to share feedback on the draft law for VAT. This is the first time a tax like this will be introduced in the GCC so we are working hard to understand the needs and perspectives of business to ensure we can support them through the VAT implementation process. The consultation is an important part of this, alongside our own efforts to prepare as an institution."

TAGS: tax | business | value added tax (VAT) | Saudi Arabia | law | legislation | Gulf Cooperation Council | legislation amendments | Tax

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »