Saudi’s ZATCA implements major customs fee reforms

17/09/24

Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) recently announced it will eliminate all fees associated with export-related customs services and reduce import service fees to just 0.15% of the goods’ value.

The new regulations introduce a fixed SAR 15 (USD 4) fee for customs declaration processing of individual shipments from online stores valued up to SAR 1,000 (USD 266). Under the revised system, the maximum import fee is capped at SAR 500 (USD 133) substantially lowering costs for businesses.

These changes aim to reduce financial burdens on exporters, particularly small and medium-sized enterprises (SMEs), and enhance their global competitiveness. The updated fee structure standardizes costs across land, sea and air transport, leading to more efficient trade facilitation and supportive economic growth.

ZATCA’s new fee waiver is expected to significantly improve the efficiency and competitiveness of Saudi Arabia’s export sector. Furthermore, by lowering import costs and simplifying trade procedures, these reforms will support the expansion of e-commerce. Specifically, the fixed rate demonstrates ZATCA’s commitment to advancing digital trade and reducing cross-border shopping costs for Saudi consumers.

Aligned with Vision 2030, ZATCA has also introduced the Saudi Authorized Economic Operator Program. This programme facilitates expedited customs clearance for compliant businesses, ensuring faster processing, fewer inspections and priority handling at customs ports.

Additionally, ZATCA has launched the National Single Window for Trade, known as FASAH. This digital platform consolidates trade operations into a single interface, streamlining document submission, approval processes, and shipment tracking, thereby reducing delays and enhancing transparency.

Advanced e-tracking systems for shipments have also been implemented, providing real-time tracking and improving logistics efficiency. To further support SMEs, ZATCA has introduced customs duty deferrals and simplified clearance procedures.

Business Start Up Saudi Arabia offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Saudi, Saudi Business Case, Saudi Business Model Development, Feasibility Study and Business Plan Saudi, Organizational and Operational Structuring Saudi, Saudi Sponsorship and Partnership, Company Formation Saudi among others.

Please click on the link to learn more about opportunities and possibilities in Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

Other News

BSUS News 10 - Thumb

Saudi Arabia's non-oil exports experience significant growth

Saudi Arabia witnessed a remarkable 19% surge in non-oil exports in July 2024 reaching SAR 25.4 billion (USD 6.77 billion), up from SAR 21.3 billion (USD 5.68 billion) in the same month last year.

Such...

Read more
News 9 - Thumb

Saudi Arabias Recycling Initiative aims to be world leader

Saudi Arabia is poised to become a leader in waste management with a bold recycling strategy announced by the Ministry of Environment. The plan aims to recycle up to 95% of the Kingdoms waste by 2040,...

Read more
News 6 - Thumb

Saudi attracts 184 foreign company headquarters in 2024

Saudi Arabia has attracted a record 184 foreign companies to relocate their regional headquarters to the Kingdom in the first half of 2024, according to the Ministry of Investment of Saudi Arabia.

Further...

Read more
News 5 - Thumb

Saudi Arabia introduces unified investment law amid further reform

Saudi Arabia recently unveiled a transformative update to its investment law, introducing a unified framework designed to offer investors unparalleled transparency, flexibility and confidence. This landmark...

Read more
News 4 - Thumb

Saudi Arabia permits 100% foreign owned businesses

Saudi Arabia is paving the way for unprecedented international investment with its groundbreaking policy allowing 100% foreign ownership across most business sectors. This progressive move is set to attract...

Read more
News 3 thumb

Saudi Arabia to dominate world's construction market

Saudi Arabia is poised to become the world’s largest construction market as the Kingdom pours vast resources into projects aimed at diversifying the economy. The London based real estate consultancy...

Read more
News 2 thumb

Saudi women hold over 1,700 key posts in employment market

Saudi women leaders amounted to 1,707 thanks to the leadership training and guidance initiative by the Ministry of Human Resources and Social Development under the Vision 2030.

Importantly, the figure...

Read more
News 1 Thumb

Saudi Arabia’s PIF launches company to enter space sector

Saudi Arabia’s space and satellite sector is set to receive a strategic boost with the Kingdom’s wealth fund establishing the Neo Space Group.

The wholly owned Public Investment Fund (PIF)...

Read more

Page Break