Saudi Arabia: Value Added Tax Approved
Type
E-journal
Date
31 Jan 2017
Jurisdiction
Saudi Arabia
Taxonomy
Treaties & International Agreements, General Tax Law, Income Tax
Copyright
LexisNexis
Analysis
Saudi Arabia's Council of Ministers has approved a number of decisions and agreements, including a Decision approving a VAT and Unified Selective Tax for the Gulf Cooperation Countries.
A draft Royal Decree to implement this Decision has been issued.
The Council also approved an agreement between the Kingdom and Turkmenistan on the prevention of double taxation and tax evasion on income and capital taxes.
For full story see: http://www.aleqt.com/2017/01/30/article_1128831.html