KSA Guide: What is VAT Invoicing and Records?
Overview All suppliers who are registered for VAT in KSA must produce invoices showing details of revenue and tax information on all taxable sales. When should a VAT invoice...
Continue ReadingKSA Guide: What is Reverse Charge Mechanism in VAT?
Reverse Charge Mechanism in KSA
Continue ReadingKSA Guide: What are Returns & Refunds under VAT?
VAT Returns in Saudi Arabia This is an important procedure under the VAT system in KSA. VAT payment and returns are to be made or filed by taxpayers by...
Continue ReadingKSA Guide: What are Deductions under VAT?
One of the major highlights of VAT is that, it tries to eliminate the cascading effect of taxes i.e the tax on tax. The significance of this is that...
Continue ReadingKSA Guide: What is Place of Supply under VAT?
VAT is an indirect tax on consumption that is paid and collected at every stage of the supply chain. Hence the place where the goods/services are consumed is of...
Continue ReadingKSA Guide: What is the Classification under VAT?
Goods and Services that come under VAT in KSA can be classified into three categories: Taxable Supplies – Those goods and service which are subjected to tax Exempt Supplies –...
Continue Reading