VAT

Credit note or Debit note - VAT Treatment

What is Credit note or Debit note? A credit note /debit note is a commercial document issued by a supplier/seller to a buyer. A Credit notes act as a document to eviden

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VAT

Saudi VAT payment in Instalments

With the latest development of the increase in VAT standard rate to 15% have created a cash flow problem for many establishments especially where the customer collection

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VAT

Filing return with 5% and 15% tax rates

After revision of tax rates in Saudi Arabia, It is a common question among the professionals and executives that how would be revised tax filing form. Gazt has revised t

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Other

Saudi - How to check telephone numbers and data SIM registered with your ID

With this government portal, you can find the number phone connection taken using your resident Id. The objective of this service is 'My numbers' service allows users to know details about all telep


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VAT

What is Reverse Charge Mechanism? (VAT)

Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge, the receiver becomes liable to pay the tax to the government (Reversed). As per Saudi VAT Law any sal


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Zakat/Income Tax

Saudi Witholding (WHT) Tax rates

Who is responsible Every resident -whether or not a taxpayer according to this law  and a permanent establishment of a non-resident in the kingdom When Pay an amo

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VAT

Rules: 15% Reverse Charge mechanism Saudi Vat

For purchases received from Non-resident Suppliers for which the recipient of the supply (the Customer) is obligated to account for the Tax due via the Reverse Charge Mec

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VAT

Rules:15% Vat for Goods Imported through Customs - Saudi VAT

Goods imported into the Kingdom through Saudi Customs on or after 1 July 2020 will be subject to the revised rate of VAT at 15%. For customs purposes, import means any i

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VAT

Saudi VAT new tax rate 15% Implications and Transitional Provisions

The Ministry of Finance, Saudi Arabia has decided to increase the standard rate of VAT from 5% to 15% with effect from 1 July 2020. This measure is intended to address th

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Zakat/Income Tax

Payment of Corporate Zakat in Installments

Certain cases business cannot pay the lump sum amount Zakat at a time, mainly this is due to the bad collection or fund flow to the business. Such cases GAZT has provided

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VAT

Input Tax - What if the due consideration not paid to supplier

If the customer failed to pay full or partial after a period of 12 months from the date of supply, the customer required to deduct the input tax credit already claimed fo

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