By innovation-sa on October 28, 2017 in News

As Value Added Tax (VAT) is about to take effect in the Kingdom from January 2018, the official VAT twitter account announced that housing rents and government funded services are exempted from VAT levies.

Few of the governmental services cleared from VAT include passport and driver’s license renewal.

The Kingdom will be the first GCC member to implement VAT levies from January 2018. The standard VAT rate will be five percent, with a nil VAT rate for some goods.