February 16, 2024 6:42 PM EST
Al Rajhi trading commission
The Capital Market Authority in the Kingdom of Saudi Arabia issued new decisions regarding the commission of various banks on the sale and trading of stocks, and the Al Rajhi trading commission was as follows:
الراجحي تداول السوق الامريكي
As of July 1, 2022, the value-added tax has been raised to 15% instead of 5%.
The VAT rate is applied only to the value of Al Rajhi Trading Commission and not to the value of the transaction as a whole.
The Capital Market Authority's share of 2 points is not subject to value-added tax, but the rest of the commission value is subject to tax.
Al Rajhi Bank's commission on stock sales through it is estimated at 5 Saudi riyals for every 10,000 riyals of the total value of the transaction.
Proceeds from securities trading are exempt from value-added tax, according to the Zakat Department in the Kingdom.
