On 10 June 2020, the General Authority of Saudi Customs implemented an increase in the customs duty rates of more than 2000 tariff Lines of the KSA Integrated Customs Tariffs.
On initial review of the rise in import duties, the increase in customs duty levied on goods range from 0.5% to as high as 15% across categories. Importers must engage with a careful review of HSCodes/ classifications applied in customs data declarations to avoid incorrect costs/ penalties.
UAE & KSA aim to boost cross trade through the implementation of TIR operation, Abu Dhabi seems set to achieve 100% year on year growth in pre-clearance of goods and Oman suspends paper applications for tax and duty related matters.
Saudi Customs launched a data correction program on 1 Jan 2020 enabling importers to voluntarily correct their import customs data misdeclarations.
Through the data correction initiative, importers in Saudi Arabia can now submit requests to Saudi Customs to apply for correct customs fees related to the value, origin and type of goods that were misdeclared to Saudi Customs.
