Saudi General Authority for Zakat and Tax (GAZT) said financing lease and rent-to-own (Ijara) contracts signed before Jan. 1, will be exempt from newly introduced value-added tax (VAT).

 

The same contracts signed Jan. 1 onward will be liable to the five percent tax, which will be levied on asset’s initial value, excluding profit and interest.

 

The government exempted a range of financial services from the tax including loan interests, lending fees, stock and bond sales and bank accounts, data compiled by Argaam showed.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request