An icon in the shape of a lightning bolt. Impact Link Saudi Arabia is tripling its value-added tax (VAT) rate as the coronavirus and plunging oil prices start to hammer the economy. The kingdom will ...

Saudi Arabia’s ZATCA urges VAT-registered firms with revenues above $10.7m to file returns by December 31 to avoid penalties ...

The Saudi Zakat, Tax and Customs Authority (ZATCA) urged taxpayers to take advantage of the initiative before the new ...

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system. Saudi Arabia ...

The General Authority of Zakat and Tax (GAZT) announced on Dec. 24 that they are working on a mechanism to return the value-added tax (VAT) to tourists, but it will not be applied in the early months ...

Home to the world’s biggest Muslim population, Indonesia sees hundreds of thousands of people go on the haj as well as the umrah (minor haj) to Mecca every year. The umrah can be done throughout the ...

Saudi Arabia should consider raising a value added tax (VAT) to 10% from the current 5%, the International Monetary Fund (IMF) said, stressing the importance for the world's top oil exporter to ...

DUBAI (Reuters) - Saudi Arabia on Monday cancelled and put on hold some operating and capital expenditures for some government agencies, and cut allocations for a number of its Vision 2030 reform with ...

Forbes contributors publish independent expert analyses and insights. I cover startups & enterprises in India and the UAE. The United Arab Emirates and Saudi Arabia, where residents had long enjoyed a ...