VAT rate will be increased in Saudi Arabia from 01-July-2020 from 5% to 15%. Value added tax of 5% was introduced by the authorities back in 01-Jan-2018. It remained at same rate till 30-June-2020.
Below is a comparison of prices before and after 15% Vat is applied. For simple understanding, figures are rounded to nearest amount. This is just for information purposes. Actual new prices may vary depending on your on-site transactions. Thanks
What you buy today in
Will become when 15% Vat
Note: if you are unable to understand this price comparison. You can take a look at this spreadsheet / excel file for better understanding this.
Overview: Alhamdulillah everything is still stable on the roads. If you need something go between 9 and 12 noon. Lazy morning sleepers Panic last minute and rush to buy small stuff between 12 and 2. No scares or panic. #stayhome
Major updates: Whole kilo 14, Mahjer, Gulail, Kurayaat, Kilo 13 and petromin in Jeddah are added to Makkah and Madinah (Borders of these areas closed) for these areas between 6am and 3pm people allowed outside ONLY if you need ATM, grocery store, restaurant or pharmacy. Recommended to walk. No more than 2 people allowed in a car if you need to take a car. No driving out of your locality. Rest 3pm to 6am Curfew across the kingdom.
Delivery apps delivering supermarket and pharmacy supplies.
COVID-19 CORONA VIRUS which is deadliest virus of current times & affecting thousands of human lives globally. It has 165 new cases on 2nd April 2020 in Saudi Arabia, which raises total number of cases in Saudi Arabia to 1,885 humans.
In a recent news published on Saudigazzete, it was stated that Expatriates who are going on Final Exit can Return to Saudi Arabia anytime with another visa. Previously there were rumors circulated that there is a ban of 3 years on expatriate workers who went on final exit.
The news has also stated that residency permit (Iqama) should be renewed either before expiry date or within 3 days after expiry. Otherwise there will be a fine of SR 500 & up to 1000 if done twice. If residency permit is not renewed within given time period, the result will be deportation of expatriate.