Saudi Arabia: VAT rate to increase to 15% (COVID19)
· Saudi Arabia: VAT rate to increase to 15% (COVID19) The Ministry of Finance on 10 May 2020 announced an increase to the value added tax (VAT) rate—measures to counter the economic impliions of the coronavirus (COVID19) pandemic. The VAT rate will be increased to 15% (from the current rate of 5%) effective 1 July 2020.