Saudi Arabia amends its integrated customs tariff schedule - EY

Saudi Arabia has implemented significant amendments to its integrated customs tariff schedule, with these changes becoming effective on 1 June 2024. This move impacts a broad spectrum of imported goods and is part of the Kingdom's ongoing efforts to align with global trade practices and bolster local industries.

The amendments introduce a mix of adjustments, including increased customs duties on certain products, reductions on others, and some goods remaining at their previous rates. These revisions span a wide array of product categories, affecting numerous Harmonized System (HS) Chapters. Specifically, the changes are noted across HS Chapters 22, 24, 25, 27, 39, 40, 44, 48, 68, 69, 70, 72, 73, 76, 84, 85, 87, 94, 95, and 96.

Importers should be aware that the revised duty rates now range from 0% to 20%. Common duty rates observed within the updated schedule include 0%, 5%, 10%, 15%, and 20%. The comprehensive nature of these changes means that businesses importing into Saudi Arabia must carefully review the new schedule to understand the specific implications for their goods, as even minor adjustments can affect landed costs and competitiveness.

This update is crucial for importers, customs brokers, and trade compliance officers involved in trade with Saudi Arabia. To ensure seamless operations and compliance, affected parties should:

• Review the newly implemented tariff schedule thoroughly.
• Assess the direct impact of these duty changes on their specific products and supply chains.
• Update their internal customs valuation and duty calculation systems accordingly.
• Ensure all import declarations and customs procedures adhere strictly to the new regulations to avoid potential delays, penalties, or disruptions.