It has been confirmed that a five per cent Value Added Tax (VAT ) will be introduced across Saudi Arabia at the beginning of 2018. VAT will affect most goods and services, except for a list of essentials, such as medical supplies, books and daily necessities, as well as services such as education, health, transport and exported goods and services. Here are five ways in which the introduction of VAT will affect companies in Saudi: 1. Firms to register ...