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Are The Saudi Professionals And SMEs Ready to Implement The VAT?

Posted on 23 July 2017 | 6:53 am by serviisblog

The Saudi government has approved the introduction of VAT of 5% starting from January 1st, 2018, unless the goods or services are exempt or zero-rated. The VAT will be applicable on multiple sectors including: consumer and industrial products, technology, media and telecommunications, financial services and real estate. Some sectors such as education, health, and transportation may be exempt or at zero rate. Small and medium …

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