Tax workshops and events
The Deloitte tax practice has been planning a range of seminars and industry focused roundtables across the GCC around tax rise in the Middle East. The content of the seminars varies, ranging from general introductory/high level content to more industry specific and detailed information.
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VAT rate to triple in KSA
The Kingdom of Saudi Arabia (KSA) has announced on 10 May that the Value Added Tax (VAT) rate will triple to 15% effective 1 July 2020. This is due to the decline in government revenue resulting from lower oil prices and economic activity due to COVID-19.
This is a major and unprecedented step-change in KSA tax policy which will impact businesses, governmental organizations and consumers alike. Deloitte will be holding webinars in Arabic and English which will provide some pointers to affected businesses in helping to prepare and what changes will be necessary to accommodate them.
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