E-Commerce Transactions Of Imported Goods Subject To Be A 15% VAT From July - Saudi Customs
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Local News
The Saudi Customs clarified that the VAT applies to e-commerce transactions of goods imported from outside Saudi Arabia will be subject to a 15% Value Added Tax on or after 1 July 2020.
The General Authority of Customs stated that all sales and purchases in e-stores that includes importing products to Saudi Arabia through customs will be subject to a VAT tax of 15% if their import or consignment arrives on or after July 2020.
The adjusted tax applies to all supplies of taxable goods or services imported into the Kingdom and currently subject to the 5% rate.
28 Jun, 2020
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