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Let our industry specialists listen to your aspirations and present your story to the most esteemed organizations in the Middle East, as we collaborate to write the next chapter of your successful career.

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Exclusive Recruitment Partners

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Learn more
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Career Advice How to craft a killer personal brand statement
Services

The Middle East’s leading employers trust us to deliver fast, efficient hiring solutions that are tailored to their exact requirements. Browse our range of bespoke services and resources.

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Insights

Whether you’re seeking to hire talent or seeking a new career move for yourself, we have the latest facts, trends and inspiration you need.

See all resources
Hiring Advice How to retain senior executives
Hiring Advice The importance of human element in recruitment
Hiring Advice 5 ways to attract top talent
About Robert Walters Middle East

We always put the interests of our clients and candidates first and aim to find the best fit for the employer and job seeker.

Learn more

Work for us

Our people are the difference. Hear stories from our people to learn more about a career at Robert Walters Middle East.

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Contact Us

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VAT & Customs Duty Increases: Implications for Investment into Saudi Arabia

Published date: August 1, 2023

The Kingdom of Saudi Arabia (KSA) has recently announced that the Value Added Tax (VAT) rate will triple to 15% effective 1 July 2020. KSA is also planning to significantly increase the Customs duty rates on a number of commodities imminently. Businesses within the Fast-Moving Consumer Goods (FMCG), Automotive, Construction, and Oil & Gas sectors may be affected, potentially significantly.

Join Robert Walters and in association with Deloitte Middle East for unique insights from experts at the forefront of helping businesses navigate the changing landscape.

TOPICS DISCUSSED:

Value Added Tax (VAT):

  • Transitional provisions
  • Pricing - Dealing with vendors/customers
  • ERP & System changes
  • Impact on the business

Customs and Global Trade:

  • The recent Saudi Customs updates , including customs duty rate increase
  • Managing Customs risks in the GCC by leverage existing Customs regimes and reliefs
  • Coping with future changes and trends including digitation trends
  • Mitigating exposure – cash flow optimization and supply chain efficiencies

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