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Saudi Arabia News




Oman Confirms No VAT In 2018

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 27, 2017

Oman has officially stated it will not be joining the United Arab Emirates and Saudi Arabia in introducing the agreed Gulf Cooperation Council value-added tax until at least 2019. Read Full Story

 


IMF Reports On Middle East's Fiscal Challenges

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, December 21, 2017

The International Monetary Fund has published a new paper on the fiscal consolidation challenges being faced by the members of the Gulf Cooperation Council – Kuwait, Qatar, Oman, Saudi Arabia, Bahrain, and the United Arab Emirates – whose tax revenues have been depressed due to persistently low oil prices. Read Full Story

 


Saudi Arabia Clarifies VAT On Electronic Services, E-Commerce

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, December 15, 2017

Saudi Arabia's tax agency has released a statement clarifying that all electronic sales and purchases are to be subject to the standard five percent value-added tax rate, with due amounts to be collected by the Customs Authority at the port of entry. Read Full Story

 


Saudi Arabia Explains Invoicing Rules For GCC VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, December 4, 2017

Saudi Arabia's tax agency has released more guidance on the value-added tax, ahead of its introduction on January 1, 2018, focusing on invoicing obligations. Read Full Story

 


Saudi Releases VAT Guide On Insurance

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 30, 2017

Ahead of the implementation of value-added tax from January 1, 2018, Saudi Arabia has released guidance on rules relevant for the insurance sector. Read Full Story

 


UAE Finalizes Adoption Of New VAT Framework

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 30, 2017

The Prime Minister of the United Arab Emirates has officially approved Regulations that set out rules for the value-added tax framework the country will adopt, alongside Saudi Arabia, from January 1, 2018. Read Full Story

 


IMF Urges Kuwait To Press Ahead With VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

The International Monetary Fund has urged authorities in Kuwait to push ahead with the introduction of a value-added tax, having fallen behind the United Arab Emirates and Saudi Arabia, which are introducing VAT from January 1, 2018. Read Full Story

 


Saudi Arabia Explains VAT Rules For Transport Sector

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

Saudi Arabia's tax authority has issued guidance on the value-added tax rules that will apply to transportation services when value-added tax is introduced from January 1, 2018. Read Full Story

 


Saudi Arabia Clarifies VAT Rates, Including On Financial Services

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 9, 2017

Ahead of the introduction of value-added tax on January 1, 2018, Saudi Arabia's tax authority has provided guidance on the financial services value-added tax exemption and the general rules on value-added tax rates. Read Full Story

 


Saudi Arabia And Hong Kong Sign DTA

by Mary Swire, Tax-News.com, Hong Kong

Friday, August 25, 2017

Hong Kong and Saudi Arabia have signed a comprehensive agreement for the avoidance of double taxation. Read Full Story

 

 

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