Saudi Arabia VAT rating update

Mon 13th Nov 2017

The Saudi Arabian tax office (GAZT) has provided further details on the VAT zero-rating and exemptions of a number of supplies. These include:

Zero-rated

  • High-purity supplies of gold and silver precious metals
  • Medical supplies provided by the Ministry of Health

Exempt

  • Issuance, transfer, or receipt of finance services, including loans, credit cards, mortgages, finance leases, banknotes and bank accounts
  • Provisions of credit or life insurance contracts
  • Rental of residential real estate

Webinar – VAT in Saudi Arabia: New draft legislation and regulations part II

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