Friday, November 27, 2020
Home GCC Saudi Arabian government to bear VAT on some of the services

Saudi Arabian government to bear VAT on some of the services

Dubai: Saudi Arabia’s government will bear value-added tax (VAT) on three services and products on behalf of the citizens, the General Authority for Zakat and Income (GAZT) said on Saturday, according to Saudi Media.

The three services include private education, buying first house by the citizen provided its cost does not exceed SR850,000, and healthcare in private health centers, the GAZT said.

The Kingdom increased VAT on services and goods on July 1 from 5 to 15 percent to offset the impact on economy because of the coronavirus pandemic.

The GAZT has invited taxpayers wishing to obtain more information about tax regulations in the Kingdom and to comply with their provisions, to visit the official website of the authority (gazt.gov.sa), or to communicate with the authority through the unified call center on the number (19993), or via Twitter’s Customer Care account of the authority (@GAZT_CARE).



Source link

gulfnews.com

Most Popular

Say Analysts On Q2 Data

<!-- -->GDP contracted 7.5 per cent in the July-September periodHighlightsGDP Contraction Worst Among Asian Peers Economists Comment on GDP Contraction Q2 GDP Data Shows 7.5%...

Government To Allow Uber, Ola To Charge 20% Commission On Ride Fares

<!-- -->India accounts for an estimated 11 per centof Uber's global rides annuallyThe government will allow app-based taxi aggregators such as Uber Technologies...

India allows Uber, Ola to charge 20% commission on fares

Industry experts had warned that a 10% cap would hit revenue and operations of the likes of Uber, which have faced increased regulatory...

Recent Comments