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Saudi Arabia VAT rating update

  • Nov 12, 2017 | Richard Asquith

Saudi Arabia VAT rating update

The Saudi Arabian tax office (GAZT) has provided further details on the VAT zero-rating and exemptions of a number of supplies. These include:


  • High-purity supplies of gold and silver precious metals
  • Medical supplies provided by the Ministry of Health


  • Issuance, transfer, or receipt of finance services, including loans, credit cards, mortgages, finance leases, banknotes and bank accounts
  • Provisions of credit or life insurance contracts
  • Rental of residential real estate

Join Philippe Norré, Head, KPMG and Colin Matthews, Avalara for a short webinar to run through the latest VAT developments in Saudi Arabia.


Watch VAT in Saudi Arabia: New draft legislation and regulations part I on demand now.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.