15%
Standard VAT rate since July 2020, tripled from the original 5% introduced in 2018.
SAUDI ZAKAT, TAX AND CUSTOMS AUTHORITY (ZATCA)
05 — Gulf
Saudi Arabia
Vision 2030 diversification.
The GCC's largest economy is unwinding decades of oil dependence — and rewriting its tax code as it goes, under Vision 2030.
Saudi Arabia
SCHEMATIC — NOT TO SCALE
01 — The numbers
What's actually moving in Saudi Arabia.
~55%
Non-oil activities' share of real GDP in 2024, under Vision 2030's diversification push.
SAUDI GENERAL AUTHORITY FOR STATISTICS (GASTAT), REBASED NATIONAL ACCOUNTS
02 — Elsewhere in the network