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- 27 May, 2022
Saudi Arabia contemplating to cut VAT Rate
Riyadh May 27, 2022: Saudi Arabia is contemplating a cut down in the VAT rate which was increased to 15 percent in 2020 during COVID times. The VAT rate was tripled to shore up finances hit by low oil prices and diminishing global demand due to the raging pandemic. Minister of Finance......
More... - 26 May, 2022
Bahrain: Legal Action take against 18 Tax Violators
Manama May 26, 2022: The Ministry of Industry in cooperation with the National Bureau of Revenue (NBR) began inspections in the city to trace down tax violators early this year. Inspections were carried out in nearly early 40 trading outlets across Bahrain to ensure stringent compliance with the readjusted VAT rules. The......
More... - 18 May, 2022
ZATCA thwarts an attempt to Smuggle 29,000 Captagon pills hidden in a Cheese Consignment
Riyadh May 18, 2022: During the inspection process of one of the vehicles at Al Haditha port, Zakat, Tax and Customs Authority (ZATCA) managed to thwart an attempt to smuggle 29,000 Captagon pills found hidden in an artistic way inside glass boxes containing cheese. The Captagon pills were discreetly inserted in plastic......
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