Riyadh: The authorities will officially start levying an incremental tax imposed on the consumption of goods and services in two weeks, reported Al Mowaten.
The Saudi Cabinet announced the implementation of the Value Added Tax (VAT) would take effect two weeks after the promulgation of the VAT law in the official gazette – which was done today May 26
The authorities have also granted people falling under the provisions of the legislation a 30-day grace period from the day of the VAT implementation, to regulate their situation accordingly.