Saudi Arabia: Public consultation issued on VAT Law

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The Kingdom of Saudi Arabia has published the GCC VAT framework agreement in the Official Gazette on 21 April 2017.

The General Authority of Zakat and Tax (GAZT) has issued public consolation inviting comments on the published VAT law by using an electronic form which is available on their website and the deadline for submitting the form is 29 June 2017. There is a questionnaire on the form which will be used to assess the readiness of KSA businesses for VAT implementation.

VAT is expected to be introduced in the Kingdom of Saudi Arabia from 1 January 2018.

 

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