Dear SEC Contractors in KSA:
- In accordance with Royal Order Number A/638 was issued on 15/10/1441 H (Corresponding to June 7,2020) to enforce the application of VAT rate increase for all goods and services provided KSA for effective from July 1, 2020 onwards.
- We would like to inform you that we will be accepting VAT rate 5% for the invoices whose contracts were signed before May 11, 2020, in accordance with the transitional provisions and conditions that issued by GAZT.
- We would like to inform you the possibility of accepting the VAT rate 15% for the invoices without applying the transitional provisions, on condition the services were provided from 1 / 7 / 2020 onwards.
- For any inquiries, please do not hesitate to get in touch with us through the link