State to bear VAT on three services

The Saudi government will endure value-added tax (VAT) on three services.

It will bear services and products on behalf of the citizens, the General Authority for Zakat and Income (GAZT) announced on Saturday.

The GAZT said the services are private educatio; buying first house by the citizen provided its cost does not exceed SR850,000; and healthcare in private health centers.

The Kingdom increased VAT on services and goods on July 1 from 5 to 15 percent; in order to offset the impact on economy; because of the coronavirus pandemic.

The GAZT has invited taxpayers wishing to obtain more information about tax regulations in the Kingdom and to comply with their provisions.