This morning, Finance Minister Nguyen Van Thang, on behalf of the Prime Minister, presented to the National Assembly a draft proposal outlining four key amendments to the Law on Value Added Tax (VAT).
Tourists in Saudi Arabia can get a full refund on the 15% VAT for eligible purchases over SAR 500 (~USD 133). Refunds apply only to goods, not services, and must be made at ZATCA-approved retailers.
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