SAUDI ARABIA

Shoura approves VAT law

July 13, 2017



RIYADH – The Shoura Council on Wednesday approved the draft Value Added Tax (VAT) law. It also stressed the need for activating the uniform program for Citizens Account prior to implementing VAT.

Yahya Al-Samaan, assistant president of the Council, said that the Council took the decision after listening to the report of the financial committee on VAT, read out by its chairman Osama Al-Rabiah.

He said that the draft law is in line with the provisions of the uniform agreement, signed by the Gulf Cooperation Council (GCC) states to implement VAT.


July 13, 2017
1721 views
HIGHLIGHTS
SAUDI ARABIA
hour ago

Renard steps down as Saudi national team coach

SAUDI ARABIA
hour ago

Saudi Arabia condemns Jewish settlers’ blatant incursion into Al-Aqsa Mosque courtyards

SAUDI ARABIA
hour ago

Saudi Arabia, Britain sign security agreements