- VAT is a multi-stage levy; charged at each stage in the supply chain. It is collected on import and supply of goods / acquisition or rendering of services
- Businesses pay the government the VAT collected from their customers’ purchases and refund the VAT they paid to their suppliers
- Saudi Arabia ratified the GCC VAT framework and imposed VAT on January 1, 2018 (Rabi Al-Thani 14, 1439). VAT was introduced at a standard rate of 5%
- The General Authority of Zakat and Tax (GAZT) is responsible for managing the implementation, administration and enforcement of VAT in Saudi Arabia