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Earlier this week, the Saudi Arabian government announced that the standard VAT rate would increase from 5% to 15% as of 1 July 2020. The General Authority of Zakat & Tax (GAZT) has confirmed that it will take the necessary measures to ensure the 15% rate is implemented effectively. Our Tax team is hosting a webinar on Wednesday, 20 May, outlining practical steps you should take before 30 June 2020. More information on this week’s TaxFlash.

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