Saudi Arabia to impose 5% VAT on fuel from January 1

      Published on Monday, 20 November , 2017      231 Views     
Saudi Arabia to impose 5% VAT on fuel from January 1

  • Business

The standard Value Added Tax (VAT) of five per cent will be applied to purchasing petrol, Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has said.

The confirmation was stated in a reply to an online question whether there would be a VAT rate for petrol.




“The VAT rate of five per cent for petrol will be applied starting January 1, 2018,” GAZT said.

Last week, the authority said the local transport of passengers and goods within Saudi Arabia, and associated services would be subject to the standard 5 per cent VAT rate, with businesses collecting the tax from travelers upon purchasing the travel ticket.



 

Keywords:
Category Business | 2017/11/20 latest update at 8:00 AM
Source : | Photocredit :
232 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications



Custodian of the Two Holy Mosques receives GCC Secretary General King

Custodian of the Two Holy Mosques receives GCC Secretary General

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received here today the Secretary…

Saudi Arabia Underlines Harmony with UAE for Interests of their People, Region King

Saudi Arabia Underlines Harmony with UAE for Interests of their People, Region

The Saudi cabinet hailed on Tuesday the visit paid to the United Arab Emirates last week by Crown…

Saudi king hosts CIA chief Gina Haspel for talks King

Saudi king hosts CIA chief Gina Haspel for talks

Saudi Arabia’s King Salman hosted the Central Intelligence Agency’s director Thursday, state media said, after three people were…

Saudi Arabia, Palestinians Agree on Joint Business Council Events

Saudi Arabia, Palestinians Agree on Joint Business Council

Saudi Arabia and the Palestinians agreed on Thursday to establish a joint economic committee and a business council,…

GULF TV

Popular in GULF TV

PIRELLI “DREAMING” – THE CAL 2019 making of Full Version | Fashion Channel

2562 Views

A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government