Sales Tax Rate in Saudi Arabia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Sales Tax Rate - VAT is projected to trend around 5.00 percent in 2020, according to our econometric models.
Saudi Arabia Sales Tax Rate - VAT
In Saudi Arabia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the standard rate. Revenues from the Sales Tax Rate are an important source of income for the government of Saudi Arabia.