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ARTICLE · 29 JUNE 2017

Tax Law Changes In Saudi Arabia

Jones Day
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Businesses and consumers are confronting a pair of new tax laws in Saudi Arabia.

Saudi ArabiaTax
Jones Day
Jones Day
Edward Rose
Edward Rose
Javade Chaudhri
Javade Chaudhri
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In Short

The Situation: Businesses and consumers are confronting a pair of new tax laws in Saudi Arabia.

The Action: A new Excise Tax, on luxury products and goods deemed harmful to human health or the environment, came into force on June 11, 2017. Saudi Arabian tax authorities are accepting comments on a Draft Value Added Tax Law until June 29, 2017.

Looking Ahead: The Value Added Tax Law is scheduled for implementation on January 1, 2018. However, obligations for qualifying persons to register for VAT will come into force a day after the Draft Law's publication in the Saudi Arabian Official Gazette.

Saudi Arabian Excise Tax Law

On June 11, 2017, the Saudi Arabian Excise Tax Law ("Excise Tax Law"), as enacted by Royal Decree No. M/86 and dated 27/8/1438 H / May 23, 2017, came into force in Saudi Arabia. The new law implements the GCC Unified Selective Tax Agreement in Saudi Arabia.

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