New Value Added Tax (VAT) Implementation

In line with The General Authority of Zakat and Tax announcement on Value Added Tax (VAT) Implementation effective 1st of July 2020 at the rate of 15%, HSBC Saudi Arabia would like to announce to customers that VAT will be added to all applicable fees of services and products, unless the services or product delivered is exempt from VAT or zero rated.

For more information, kindly visit the official website for the General Authority of Zakat & Tax via the below link:

https://vat.gov.sa/en