The Saudi Zakat, Taxes and Customs Authority on Sunday implemented the decision of its board of directors to cancel customs duties for exports and their reduction for imports.
The decision provides for a new charge of 0.15 percent of the value of incoming goods, as well as the imposition of a fee of 15 Saudi rials ($4) for the service of processing customs data on individual shipments received by the through electronic stores from outside the Kingdom and whose value does not exceed 1000 rials.
Concerning customs services for export, for which the financial compensation has been canceled, they concern the processing of customs data, the lead seal, logistics services in land ports, the X-ray scanner, the exchange of information on customs data and the exchange of sample analyzes carried out by private laboratories, reveals the Authority.
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According to the Authority, this cancellation will help encourage exporters and ease their financial burdens, particularly for small and medium-sized businesses, while improving the competitiveness of Saudi exports.
By adopting this new approach, Saudi Arabia also aims to reduce import costs, optimize the ability of importers to calculate in advance the cost of customs duties for imports, set a cap on these duties and to unify the calculation mechanism between the different land, sea and air ports.
