Last Updated : GMT 09:40:38
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Themuslimchronicle, themuslimchronicle
Saturday 21 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

(GAZT)

No VAT on loans, ATM services, says Saudi tax authority

Themuslimchronicle, themuslimchronicleNo VAT on loans, ATM services, says Saudi tax authority288234/243
JEDDAH - Muslimchronicle
The General Authority of Zakat and Tax (GAZT) on Wednesday confirmed that interest or lending fees charged with an implicit margin for finance will be exempt from value-added tax. The authority clarified that interest or lending fees charged on loans, credit cards, mortgages, finance leasing, hire purchase products and transformations are all exempted from the VAT. Officials of GAZT sharedRead more

Saudi businesses urged to get ready for VAT to begin in a month

Themuslimchronicle, themuslimchronicleSaudi businesses urged to get ready for VAT to begin in a month287314/85
RIYADH - Muslimchronicle
Businesses with annual revenues of more than SR1 million ($266,640) have been urged to hurry their value-added tax (VAT) registration process and ensure their readiness for its implementation in just 29 days, on Jan. 1, 2018. The General Authority for Zakat and Income Tax (GAZT) stressed the importance of visiting the VAT website vat.gov.sa, to check the procedures and requirements,Read more

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