CROWE: GCC Update: KSA rules of origin for imported goods
Introduction of new origin of import rules in the Kingdom of Saudi Arabia
On 2 July 2021, the Saudi Arabian Minister of Finance introduced a new set of national rules of origin by virtue of Ministerial Decree No. 3852, dated 02 July 2021 (22/111/1442). The new rules include additional conditions to be met by Gulf Cooperation Council (“GCC”) products imported into Kingdom of Saudi Arabia (“KSA”) to benefit from the GCC preferential treatment based on the GCC Unified Economic Agreement.
In this article, CROWE provide the highlights of the new set of rules and its possible impact on UAE companies.
Click HERE to download the GCC Article: New Origin Rules in KSA