On January 1, 2018, Saudi Arabia will introduce Value Added Tax (VAT) at a rate of 5% on all goods and services.
Under the new VAT Law, persons trading in Saudi Arabia are required to register for VAT and charge VAT on all sales made after this date. No organizations are exempt of paying VAT, including government bodies.
To learn more about the introduction of VAT on goods and services and to read KAUST FAQ’s, please visit the Finance web page.
Henk Kriek
Chief Financial and Human Resources Officer