Logo of Zakat, Tax and Customs Authority (ZATCA)
Mohammed Al-Jadaan, Minister of Finance and Chairman of the Zakat, Tax and Customs Authority (ZATCA), issued a likelihood on adjusting the customs tariffs of 99 merchandise and commodities, in accordance to the ceilings committed by the Kingdom within the World Trade Group (WTO).
The likelihood came into end this day, June 12.
The recede came pursuant to the powers granted to the finance minister, in relate to guard and wait on nationwide industries and native agricultural products.
It used to be additionally pushed by the calls made by the Ministry of Trade and Mineral Assets, and Ministry of Atmosphere, Water and Agriculture to hike customs responsibilities for 99 commodities.