The Sales Tax Rate in Saudi Arabia stands at 15 percent.

Sales Tax Rate in Saudi Arabia averaged 7.50 percent from 2018 until 2020, reaching an all time high of 15 percent in 2020 and a record low of 5 percent in 2019. This page provides - Saudi Arabia Sales Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Sales Tax Rate - VAT - values, historical data and charts - was last updated on September of 2020. source: General Authority OF ZAKAT & TAX, Saudi Arabia

Sales Tax Rate in Saudi Arabia is expected to reach 15.00 percent by the end of 2020, 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 15.00 percent in 2021 and 10.00 percent in 2022, according to our econometric models.

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Saudi Arabia Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
15.00 5.00 15.00 5.00 2018 - 2020 percent Yearly

Saudi Arabia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 45.00 20.00 percent [+]
Personal Income Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Social Security Rate 22.00 22.00 22.00 20.00 percent [+]
Social Security Rate For Companies 12.00 12.00 12.00 11.00 percent [+]
Social Security Rate For Employees 10.00 10.00 10.00 9.00 percent [+]
Sales Tax Rate 15.00 5.00 15.00 5.00 percent [+]

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.