It’s here, folks.
VAT has been implemented as of midnight throughout the Kingdom.
And most people made it the central message to their new year greetings
Happy New VAT Saudi Arabia! ????
— Benben (@BenharArrozal) January 1, 2018
Today 1/1/ 2018 finally Tax (VAT) law in the kingdom of saudi arabia has released. good luck sa mga OFW….????????
— D’oNe Me!!! (@FPouls) January 1, 2018
To all my Saudi friends … HAPPPY NEW VAT!!! pic.twitter.com/7YR97ywIBE
— Al-Dossary, Majid (@majid_aldossary) December 31, 2017
Fuel prices have also been increased because of VAT
Octane 91 fuel which cost 75 halalas per liter will now be available at SAR1.37 per liter and 95 octane which cost 90 halalas per liter will cost SAR2.04 per liter.