The Value added Tax (VAT) is an indirect tax that applies to goods and services within the Kingdom of Saudi Arabia except for those goods and services which have been explicitly exempted from such tax or are zero rated.
We’ve updated our systems to match VAT requirements. Double-check your contact details so you never miss an invoice.
In line with General Authority of Zakat and Tax announcement on Value Added Tax (VAT) Implementation effective 1st of July 2020 at the rate of 15%, Alistithmar Capital would like to announce to customers that VAT will be added to all applicable fees of services and products unless the services or products delivered is exempt from VAT or zero rated.
It is understood and agreed between the Parties that any amounts due under this (Agreement /contract /service /product /terms and conditions) are exclusive of any Value Added Tax (VAT). Hence VAT shall be added at the current applicable rate as amended from time to time, as per the VAT Rules and Regulations effective the 1st of January 2018.
Value Added Tax (VAT) is an indirect tax applied to goods and services in the Kingdom of Saudi Arabia, except those that are explicitly exempt or zero-rated.
This reform enables the government to diversify revenue streams, enhance financial sustainability, and support long-term fiscal growth.
The Zakat, Tax and Customs Authority is the government body responsible for administering Value Added Tax.
www.zatca.gov.sa
Value-added tax (VAT) was introduced in Saudi Arabia on January 1, 2018, initially set at a rate of 5% on eligible goods and services. This rate was later increased to 15% starting from July 1, 2020.
VAT in Saudi Arabia functions as a General Consumption Tax, applied broadly to goods and services, unless clearly exempt or classified as zero-rated under regulatory guidelines.
VAT will apply to some Alistithmar Capital investment products and services, but not all.
