The information about vat calculator saudi arabia 2018 and vat calculator saudi arabia 2019.
vat calculation in saudi arabia.
In Saudi Arabia this included a tax on tobacco and soft drinks as well as a cut in some subsidies offered to locals. In the UAE road tolls have been hiked and a tourism tax introduced.
But there are no plans to introduce income tax, where most residents pay 0% tax on their earnings.
The other members of the Gulf Co-operation Council – Bahrain, Kuwait, Oman, and Qatar – have also committed to introduce VAT, though some have delayed plans until at least 2019.
Current VAT rate in Saudi Arabia is 5% for most goods and services.
for more information vat rates visit Saudi Arabia official website : vat.gov.sa