The authority also called on the businesses to abide by the announced date to apply the new VAT.
The Saudi General Authority of Zakat and Tax (GAZT) has affirmed that rising the Value Added Tax (VAT) on all goods and services from 5% to 15% will go into effect on 1 July, 2020.
In a statement to Saudi Press Agency (SPA), the GAZT urged all citizens and expatriates to report any facility that violates this decision and increases the VAT on the goods or services before the determined date via the call center 19993 or the VAT application for the smart phones.
The authority also called on the businesses to abide by the announced date to apply the new VAT, affirming that legal procedures will be taken in a case of violations.
With a lack of releases amid the coronavirus pandemic, there are plans to postpone the Academy Awards ceremony next year by four months, for the first time in 93 years.
Younis Haji Al Khoury, Undersecretary of the Ministry of Finance (MoF) has told Al Khaleej that the value-added tax will not increase in the UAE.
As part of its intensified testing campaign, the ministry detected 747 new coronavirus cases, bringing the total number of cases in the UAE to 21,831.
The US economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Canadian plane and train maker Bombardier said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems.
The COVID-19 pandemic has introduced unique market pressures and challenges across industrial sectors. In the context of the real estate industry in the UAE, the crisis interrupted a process of steadily building renewed growth.
Germany has become the second major European Union (EU) economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen (VW) and Tesla, while polluting sport utility vehicles (SUVs) face higher taxes.