|19 November, 2017

Saudi Arabia to impose 5% VAT tax on gasoline from January 1

The announcement on a special VAT Twitter account set up by the General Authority of Zakat and Tax came in response to a question from a Saudi citizen.

Image used for illustrative purpose.

Image used for illustrative purpose.

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DUBAI, (Reuters) - Saudi Arabia plans to impose a 5 percent value added tax on gasoline from Jan. 1, 2018, the Saudi tax department said on one of its Twitter accounts.

The announcement on a special VAT Twitter account set up by the General Authority of Zakat and Tax came in response to a question from a Saudi citizen. (Reporting by Hashem Mostafa, writing by Sami Aboudi; Editing by Toby Chopra)

© Reuters News 2017

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