The Government of the Kingdom of Saudi Arabia (‘KSA’) has announced an increase in customs duty rates for an extensive range of goods, including foodstuff, mineral and chemical products, plastic, rubber, leather goods, textile and footwear, base metals (e.g. steel, iron, nickel, copper, aluminium), cement, ceramic, machinery, equipment and electrical equipment, toys, furniture, vehicles and various other manufactured goods.
The measure affects a total of 57 Chapters and more than 2,000 Tariff Lines of the KSA Integrated Customs Tariff. The announced increase in customs duty rates will be applicable from June 10, 2020 onwards. You can access the full alert here.
Please join our customs experts for a free interactive webinar as we examine the latest changes announced by Saudi Customs in the context of the current domestic and regional customs and tax environment and what impact these changes may have on your business.
We will also be looking at practical strategies to employ, as we discuss:
- What we know today and any legislative updates
- What this means for your business (including what to do to ensure an efficient customs duty management in KSA)
- The implications the customs duty rate change has on your IT systems
- Next steps
There will be an opportunity for you to ask questions during the webinar. You can also submit any questions you have beforehand in the appropriate box on the registration page and we do our best to address your questions during the session.
Topic: KSA increases customs duty rates – what does this mean for your business?
Date: Thursday, 4 June 2020
Time: 12:00 pm – 1:00 pm (Riyadh time)
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