Associated with
Shally Joseph
Posted Jun 27, 2020
•
4 min read
Saudi Arabia increases VAT rate to 15% from 1 July 2020: Changes in Zoho Books, Zoho Invoice and Zoho Inventory
The Government of the Kingdom of Saudi Arabia (KSA) has announced a cut in the living allowance and an increase in the VAT rate from 5% to 15%, effective from 1 July 2020. The triple hike has been implemented to balance the sudden drop in the economy caused by cutbacks in commercial spending, the decrease...
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