Saudi Arabia will launch a VAT refund system for tourists in 2025 to boost its tourism sector.

Saudi Arabia plans to launch a VAT refund system for tourists in 2025 to enhance tourism and align with its economic diversification goals. The system, managed by the Saudi Zakat, Tax, and Customs Authority, is designed to simplify tax compliance and make shopping more appealing to foreign visitors. This initiative is part of broader efforts to attract 127 million visitors by 2025, with expected tourism revenue reaching SR346.6 billion. Recent years have seen Saudi Arabia introduce easier visa processes and transit visas to boost tourism.

November 28, 2024
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