Tally Solutions   Feb-04-2020
VAT Registration- Saudi
5 Key Benefits of VAT Registration in Saudi Arabia

It is important for such businesses to know about the immense benefits that come with being a VAT registered dealer.

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Tally Solutions   Feb-04-2020
Payments & Penalties-Saudi
FAQ on VAT Payment in Saudi Arabia

A person should make VAT payment after submitting the VAT return for the tax period. Payment of tax should be done maximum by the last day of the month following the end of the tax period.

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Yarab A   Feb-04-2020
VAT Fundamentas- Saudi
What is Time of Supply under VAT Saudi Arabia

The concept of time of supply is very crucial for businesses to know the period in which the output VAT needs to be paid to the Government.

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Tally Solutions   Feb-04-2020
Exports & Imports - Saudi
VAT Payment on Import of Goods under Saudi VAT

When goods are imported by persons residing in KSA, the recipients are liable to pay tax on reverse charge to the GAZT (General Authority of Zakat & Tax).

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Tally Solutions   Feb-04-2020
ITC- Saudi
Eligibility for Input Tax Deduction under Saudi VAT

A VAT invoice is a document to be issued by persons registered under VAT in KSA, evidencing that a taxable supply of goods or services has taken place.

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Tally Solutions   Feb-04-2020
ITC- Saudi
Input VAT deductions in Saudi Arabia

Input VAT deduction means the provision to deduct the value of VAT paid on inward supplies from the value of VAT payable on outward supplies.

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Tally Solutions   Feb-04-2020
Payments & Penalties-Saudi
VAT payment in Saudi Arabia

A person registered under VAT is required to pay tax relating to a tax period by the last day of the month following the end of the tax period.

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Tally Solutions   Feb-04-2020
Exports & Imports - Saudi
Export of goods to Non-GCC countries from Saudi Arabia

Export of goods from Saudi Arabia to a place outside the GCC territory will be zero rated. This means that no tax will be applicable on such supplies.

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Tally Solutions   Feb-04-2020
ITC- Saudi
Checklist for Input VAT Deduction

The provision of input tax deduction to persons registered under VAT ensures that a product or service is taxed only on the value added to it and hence, avoids double taxation in the supply chain.

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