Import & Export Duties in Saudi Arabia

Import & Export Duties in Saudi Arabia Last updated on Saturday 24th April 2010

Some Saudi industries are protected by the imposition of 20% import duties on certain commodities. Most consumer goods, however, are duty-free. Other items carry duties of 12% of the total cost, which includes insurance and freight.

In line with Saudi government directives and in order to assist Saudi business, contractors must buy equipment and materials from a Saudi importer or manufacturer. If supplies are not available locally, the contractors are allowed to import from foreign sources. Tariff rates vary from zero to 4%.

Items which are produced in the Kingdom, such as aluminium or wooden frames, are assessed at an import tariff of 20%. In most cases, however, contracts provide for the import of supplies and machinery duty-free.

Goods are usually cleared quickly through customs at Saudi seaports. Original export documents should be stamped and attested to by Saudi consular authorities in the country of origin. This will make clearing customs far easier.

As you like 'Import & Export Duties in Saudi Arabia' you may also like following articles . . .

Doing Business in the Kingdom of Saudi Arabia

A quote from Prince Bandar bin Sultan, Saudi Arabian ambassador to the United States: "The Kingdom of Saudi Arabia is dedicated to the concept of free trade based on competition. There are...

Saudi Arabia: Bidding for Government Contracts

The Saudi government must receive at least three bids for all contracts larger than one million riyals (US$266,667). For construction projects, at least five contractors must be asked to...

Saudi Arabia

Overview History Nomads & tribes King Abdul Aziz The growing state Boom & dissent King Fahad & the Gulf War The growth of Jeddah Business Economy Currency & banking...

Saudi Arabia Shipping Regulations

All commercial shipments to Saudi Arabia must have the following documents: commercial invoice certificate of origin a bill of lading or air way-bill steamship or airline company...

Business Licensing in Saudi Arabia

A number of licensing regulations exist for a number of different cases. In this page, some of the highlights will be covered. The Foreign Capital Investment Law governs the investment of...

Saudi Arabia Business: Performance Requirements & Settling Disputes

The Kingdom of Saudi Arabia requires bid and performance bonds from most foreign companies in the amount of 1% and 5% respectively of the total value of a given contract. Bonds may be in...

Taxes in Saudi Arabia

Income taxes of Saudi and expatriate employees working in the Kingdom were abolished in 1975. All Saudi citizens and all Saudi companies, however, must pay a religious tax -- zakat -- of 2....