Saudi Arabia scraps export customs fees, cuts import charges

ZATCA has announced a series of new initiatives intended to improve trade operations and support the Kingdom’s economic growth. File/Getty Images
Short Url
Updated 08 September 2024
Follow

Saudi Arabia scraps export customs fees, cuts import charges

  • Changes announced to simplify trade processes and support business activities
  • New fee structure introduces a $4 charge for customs declaration processing on individual shipments from online stores

JEDDAH: Saudi Arabia will eliminate fees for all customs services related to exports and cut import service fees to 0.15 percent of the goods’ value starting Oct. 6, according to an official release.

The Zakat, Tax, and Customs Authority announced these changes to simplify trade processes and support business activities. The new fee structure introduces an SR15 ($4) charge for customs declaration processing on individual shipments from online stores valued up to SR1,000.

Previously, import fees included SR100 for X-ray inspections per container, SR100 for information exchange services, and SR20 for customs declaration processing. Under the revised system, the maximum import fee will be capped at SR500, with a minimum fee of SR15.

The adjustments are designed to reduce financial burdens on exporters, particularly small and medium-sized enterprises, and to enhance competitiveness. The updated fee structure will standardize costs across land, sea, and air transport, leading to more efficient trade facilitation and economic benefits.

ZATCA has detailed the expected impacts of its new customs fee waiver for Saudi businesses, noting that the changes will enhance the competitiveness and efficiency of the country’s export sectors. The adjustments are designed to reduce import costs and simplify trade procedures, aiming to support the growth of e-commerce.

The introduction of an SR15 flat rate for shipments purchased through online stores underscores ZATCA's commitment to advancing e-commerce and digital trade. This measure is expected to benefit Saudi Arabia’s growing e-commerce sector by lowering cross-border online shopping costs and increasing accessibility to global goods for Saudi consumers.

Recently, ZATCA has announced a series of new initiatives intended to improve trade operations and support the Kingdom’s economic growth, aligning with the nation’s Vision 2030. These initiatives include the Saudi Authorized Economic Operator Program, which aims to streamline customs clearance for trusted businesses. This program provides faster processing, fewer inspections, and priority handling at customs ports for businesses that consistently adhere to regulations.

The Authorized Economic Operator Program is anticipated to simplify international trade for these trusted operators and enhance overall efficiency.

In a major step toward digital transformation, ZATCA has also launched the National Single Window for Trade, known as FASAH. This platform consolidates all trade-related operations into a single digital interface, enabling businesses to manage import and export procedures electronically. FASAH simplifies document submission, approval processes, and shipment tracking, thereby reducing delays and improving transparency in trade operations.

Additionally, ZATCA has rolled out advanced e-tracking systems for shipments entering Saudi customs. This new system offers real-time tracking of goods, helping to minimize delays, reduce fraud risk, and boost logistics efficiency. The implementation of these e-tracking systems represents a significant advancement in Saudi Arabia’s supply chain management.

To encourage greater participation from SMEs in international trade, ZATCA has introduced supportive measures such as customs duty deferrals and simplified clearance procedures. These initiatives aim to ease financial and administrative burdens on SMEs, fostering their growth and engagement in global markets.

In June 2024, ZATCA relaxed the temporary admission regulations for heavy machinery and equipment. This policy change benefits international contractors working on major infrastructure projects by reducing customs duties on temporary imports and eliminating the need for frequent renewals, thereby facilitating smoother and more cost-effective project execution.

ZATCA invites customers and taxpayers to reach out with any inquiries through its unified 24/7 call center at (19993), its X account @Zatca_Care, email at [email protected], or via instant chat on the authority's website at zatca.gov.sa.


Kuwait to boost Islamic finance with sukuk regulation

Updated 05 February 2026
Follow

Kuwait to boost Islamic finance with sukuk regulation

  • The move supports sustainable financing and is part of Kuwait’s efforts to diversify its oil-dependent economy

RIYADH: Kuwait is planning to introduce legislation to regulate the issuance of sukuk, or Islamic bonds, both domestically and internationally, as part of efforts to support more sustainable financing for the oil-rich Gulf nation, Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah said on Wednesday.

Speaking at the World Governments Summit in Dubai, Al-Sabah highlighted that Kuwait is exploring a variety of debt instruments to diversify its economy. The country has been implementing fiscal reforms aimed at stimulating growth and controlling its budget deficit amid persistently low oil prices. Hydrocarbons continue to dominate Kuwait’s revenue stream, accounting for nearly 90 percent of government income in 2024.

The Gulf Cooperation Council’s debt capital market is projected to exceed $1.25 trillion by 2026, driven by project funding and government initiatives, representing a 13.6 percent expansion, according to Fitch Ratings.

The region is expected to remain one of the largest sources of US dollar-denominated debt and sukuk issuance among emerging markets. Fitch also noted that cross-sector economic diversification, refinancing needs, and deficit funding are key factors behind this growth.

“We are about to approve the first legislation regulating issuance of government sukuk locally and internationally, in accordance with Islamic laws,” Al-Sabah said.

“This enables us to deal with financial challenges flexibly and responsibly, and to plan for medium and long-term finances.”

Kuwait returned to global debt markets last year with strong results, raising $11.25 billion through a three-part bond sale — the country’s first US dollar issuance since 2017 — drawing substantial investor demand. In March, a new public debt law raised the borrowing ceiling to 30 billion dinars ($98 billion) from 10 billion dinars, enabling longer-term borrowing.

The Gulf’s debt capital markets, which totaled $1.1 trillion at the end of the third quarter of 2025, have evolved from primarily sovereign funding tools into increasingly sophisticated instruments serving governments, banks, and corporates alike. As diversification efforts accelerate and refinancing cycles intensify, regional issuers have become regular participants in global debt markets, reinforcing the GCC’s role in emerging-market capital flows.

In 2025, GCC countries accounted for 35 percent of all emerging-market US dollar debt issuance, excluding China, with growth in US dollar sukuk issuance notably outpacing conventional bonds. The region’s total outstanding debt capital markets grew more than 14 percent year on year, reaching $1.1 trillion.