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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
16200 Central Green Blvd
GAC Regional Office, Asia Pacific 78 Shenton Way, #29-01
Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Leverage on our experience and expertise with integrated shipping, logistics and marine services tailored to meet your needs.
Safe, reliable and swift delivery of quality marine fuels at competitive prices
Round-the-clock ship supply services
Specialised solutions to improve supply chain efficiency
GAC Mobile Directory App
29 Jun 2020 / Saudi Arabia
Value added tax rate has increased in Saudi Arabia under royal order number A/638, enforcing the application of the VAT rate increase in KSA effective July 1, 2020 onwards.
Article 2 of the VAT law has been amended to reflect the VAT rate increase from 5% to 15%. Additional transitional guidelines have been provided by GAZT on its website.
Supply made on or before 30 June 2020 shall be subject to 5% VAT. Supply made from 1 July 2020 onward shall be subject to 15% VAT.
If contract was signed prior 11 May 2020 and supply continues after 1 July 2020 then 5% VAT shall be applied until:
Revised VAT rates shall be applicable on GAC Saudi invoices / services as per the guidelines, effective from 1 July 2020.
For further details about the new VAT rate in Saudi Arabia, contact GAC Saudi Arabia at [email protected]