Value Added Tax (VAT)

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In line with General Authority of Zakat and Tax announcement on Value Added Tax (VAT) Implementation effective 1st of January 2018 at the rate of 5%, The Saudi Investment Bank would like to announce to customers that VAT will be added to all applicable fees of services and products unless the services or product delivered is exempt from VAT or zero rated.

For more information about Banking services and activities exempted from or subject to VAT Click Here

SAIB VAT Certificate

To download SAIB VAT Certificate, Click here.

Terms and Conditions

It is understood and agreed between the Parties that any amounts due under this (Agreement/contract/service/product/terms and conditions) are exclusive of any Value Added Tax (VAT). Hence VAT shall be added at the current applicable rate as amended from time to time, as per the VAT Rules and Regulations effective the 1st of January 2018”.

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