VAT By Countries and how it will affect KSA

VAT BY COUNTRIES AND HOW IT WILL AFFECT KSA Many countries before Saudi Arabia have implemented VAT and several other taxes to boost their economies. This article gives a brief introduction on what is it? History of Tax and what to expect in the new year? What is VAT? According to General Authority of Zakat and Tax (2018), “Value Added Tax (or VAT) is an indirect tax imposed on all goods and services that are bought and sold by businesses, with a few exceptions. VAT is applied in more than 160 countries around the world as a reliable source...

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