On 12 June 2022, the Kingdom of Saudi Arabia (Saudi Arabia) Finance Minister and Chairman of the Zakat, Tax and Customs Authority (ZATCA) issued Decision No. 59334 (Decision) approving the increase of customs duties on a range of products. The increase in customs duties is intended to encourage and protect national industries and local agricultural products. The Decision was published in the Official Gazette on 12 June 2022 and came into effect on the same day.
Source EY
Latest Posts in "Saudi Arabia"
- Saudi Arabia Introduces VAT Refund Program for Tourists and GCC Nationals to Boost Tourism
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience
