Investor Presentaiton
10
VAT on Imported Goods
VAT payable on the import of goods must be paid at Customs by the importer (often a shipping company
licensed to practice that activity in the Kingdom), together with the duty and other charges indicated on
the customs declaration, to facilitate the release of goods for free circulation in the Kingdom.
The supply of goods made before the formal import clearance into KSA is not a supply subject to VAT.
The supply of goods made after the formal import clearance into the KSA, when goods are situated in
KSA, is generally a supply which takes place in the KSA and is subject to VAT.
Any imports of goods not exempt from Import VAT in accordance to Article 39 of The Unified VAT
Agreement of the States of the Gulf Cooperation Council is subject to Tax.
Shipments less than 1000 SR are known to be exempted from import VAT (in accordance to the Unified
Customs Law).View entire presentation