Saudi Arabia Implements Previously-Announced Customs Fees Increase

The Saudi government has implemented an increase on custom fees, previously announced on May 27. The rates have not changed from the previous announcements, but a new release classifies the products categorically. The categories include various goods including foods, fabrics and construction materials, among others. The increase rates varied between 0.5% and 15%, and followed the decision of the Council of Ministers. 

Saudi Arabia continues to maneuver through the COVID-19 impact on the economy and on its Vision 2030, following the decision to reopen most of its sectors after weeks on lockdown. For more updates, follow Proven on LinkedIn and check out more insights