Friday, February 21, 2020
Dear Client ,
Kindly be informed that the Value Added Taxes (VAT) will be implemented with 5% on number of products & services effective 1st of January 2018, VAT will be applied on financial services fees that are subject to this tax according to VAT executive regulations, For more information kindly visit www.vat.gov.sa or contact your tax advisor.
EFG Hermes KSA
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