In response to Saudi Arabia’s decline in oil revenue and the impact of the current pandemic, Saudi has had to find new ways to maintain its financial and economic stability. A once tax-free Saudi Arabia has announced its new 15% value added tax on nearly every good and service provided in the kingdom. Saudi has also implemented many other changes to help cover their budget deficit during the current time of uncertainty.
Move One would like to inform all customers in and around Saudi Arabia of the newly applicable 15% valued added tax. This will be reflected in any invoices issued on or after the effective date of July 1 2020.