Saudi Arabia Completes Merger of Tax, Customs Agencies
Saudi Arabia officially completed the merger of its tax and customs authorities this month (see 2105120005), a move intended to improve customs procedures and trade exchanges, KPMG said Sept. 22. The new Zakat, Tax and Customs Authority is now “one…
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umbrella authority,” organizationally still under the Ministry of Finance, KPMG said, and is expected to save traders time and money.