Webinar with Indirect Tax specialists from Saudi Arabia and the UAE discuss the impact of the recent announcement of the Saudi government to increase the VAT rate from 5 to 15 percent with effect from 1 July 2020.
In this webinar, our team analyzed the following issues and discuss what actions taxpayers should be taking to prepare for the change:
- Transition to the higher rate – what should taxpayers look out for
- The effect on ERP/accounting systems
- The possibility of reduced rates for living essentials
For any inquiries about the impact of the VAT increase on your business or organization, please do get in touch with us.
Head of Indirect Tax
KPMG in Saudi Arabia