Saudi Arabia Merging General Authority of Zakat and Tax and General Authority of Customs

The Saudi General Authority of Zakat and Tax (GAZT) issued a release on 5 May 2021 announcing the Saudi Cabinet's decision to merge the GAZT and the General Authority of Customs into a single authority, the Zakat, Tax, and Customs Authority. The merger decision is meant to improve Saudi Arabia's economic competitiveness and promote the attraction of foreign investment through greater integrati…