Saudi Arabia Announces Duty Exemptions, VAT Changes
Saudi Arabia recently announced new customs duty exemptions for certain imports, the Hong Kong Trade Development Council reported Oct. 7. Saudi Arabia will exempt duties on all imported “personal shipments” worth less than $267, including the shipping charges, and will…
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impose a standard 15% value-added tax rate on all imports “of greater values,” HKTDC said. The country also clarified some shipping obligations by saying the transport carrier is responsible for shipment and customs clearance, “but the customer must communicate with the carrier to complete the shipment clearance procedures.” The carrier’s customs broker must prepare the declaration and is required to “provide the customer with a copy of the customs declaration showing all duties and taxes imposed,” the report said.