Saudi Arabia to Merge Tax, Customs Authority
Saudi Arabia plans to merge its taxation and customs authorities into one agency, the Zakat, Tax and Customs Authority, to help facilitate trade. Combining the General Authority for Zakat and Income and the General Authority for Customs will help boost…
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customs security and facilitate tax and customs procedures by “raising the level of integration of procedures between the two sides,” a May 5 notice said, according to an unofficial translation. Saudi Arabia also said the move will create a “unified platform” that will save traders time and money, which is “in line with the most prominent modern international practices.”