The Saudi Shura Council on 13 July 2017 adopted the proposed VAT law. The Council is not a parliament in the traditional sense, but rather a consultative legislative institution, albeit with some relatively substantial powers. The text passed by the Council is in line with the uniform VAT agreement between the GCC countries. The Saudi General Authority for Zakat and Tax (GAZT) had published the text for public consultation in June 2017.
VAT will be levied initially at the rate of …