A 15% VAT rate is applied to goods and services, established to reduce oil dependency in national revenue.
Foreign-owned companies are taxed at a 20% rate, with varying rates in specific sectors like oil and gas.
Ranges between 5% and 15% on non-resident payments, depending on the type of service or transaction.
Levied at 2.5% on Saudi-owned and partially Saudi-owned entities' assets, aligning with Islamic tax principles.