The Zakat, Tax and Customs Authority will oversee the implementation of the system, which is designed to simplify tax compliance and enhance the travel experience.
The Kingdom of Saudi Arabia announced Launch of the VAT refund system For tourists in 2025, according to the Saudi budget statement for the next fiscal year.
According to Saudi media, she will supervise Zakat Authority Taxes and Customs are implementing the system, which is designed to simplify tax compliance and enhance the travel experience.
VAT refund.. Attracting more tourists to explore the Kingdom
This initiative confirms the Kingdom of Saudi Arabia’s commitment to creating a visitor-friendly environment and attracting more tourists to explore the Kingdom.
As part of its tourism goals, Saudi Arabia aims to attract 127 million visitors by the end of 2025, in line with the National Tourism Strategy.
The strategy works to promote domestic and international tourism, enhancing the Kingdom’s position as a preferred global destination.
Tourism spending is expected to reach SAR 346.6 billion in 2025, which will contribute significantly to the local economy, increase non-oil revenues, and boost private sector demand.
104 million tourists in 2023
Building on recent momentum, Saudi Arabia is set to welcome nearly 104 million tourists in 2023, surpassing the Vision 2030 target seven years ahead of schedule. This includes 27 million international visitors and 77 million domestic travelers, demonstrating the Kingdom’s growing appeal.
In 2024, the Ministry of Tourism announced that it will attract 59.74 million local and international tourists by June. This number supports the growth of the private sector and contributes to the increase in non-oil revenues within the GDP.
By the end of 2024, Saudi Arabia aims to reach 119.6 million tourists, boosting its tourism ambitions.
Big investments
The tourism sector has also seen significant investment in 2024, with SAR 8 billion secured by August. This figure is expected to rise to SAR 15 billion by the end of the year, highlighting the sector’s role in driving economic diversification.
Tourism spending reached SAR 156.6 billion by mid-2024, contributing directly to the local economy and supporting the private sector. The Kingdom aims to achieve SAR 304 billion in total tourism spending by the end of 2024.
