May 31, 2024

The Saudi government has approved new regulations that exempt industrial inputs from customs duties. This move is set to significantly reduce production costs and elevate the global competitiveness of Saudi-made products. The exemptions cover various essential industrial inputs, including machinery, equipment, spare parts, primary raw materials, semi-manufactured materials, and packaging Read more…

The Zakat, Tax and Customs Authority (ZATCA) has delineated specific criteria for selecting taxpayers to participate in the twelfth wave of the “Integration Phase” of E-invoicing. This phase, set to commence on December 1, 2024, targets businesses with annual VAT-subjected revenues exceeding SAR 10 million in 2022 or 2023. Key Read more…