Saudi Arabia publishes Value Added Tax (VAT) Law on its official gazette.

Saudi Arabia has approved the final KSA VAT Law and published it on its official gazette “Um Al Qura” in its edition 4681, dated as of 28/July/2017. The law consists of 53 articles after being initially drafted in 77 articles. It is worth mentioning that the aforementioned law’s date of effect commences on 01/January/2018.