This Just In: Authorities Have Clarified What Is Exempt From VAT
VAT is approaching and people have lots of queries about what it will and will not be applicable to.
And now the list of things VAT will not be applicable to has just been extended.
Senior bankers clarified that money sent home by expatriate workers will NOT be taxed under VAT
Officials added that government will be meeting its financial goals as a result of VAT collection and so creating more employment opportunities not only for Saudis but also for expatriates within the framework of the Saudi Vision 2030.
Also, companies and businesses have only three days left to register and obtain their dedicated VAT account numbers.
The VAT official website has some really helpful tools and information that can help you understand more on the upcoming laws.