Tips


Saudi VAT payment in Instalments

VAT

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 period is long. To overcome th


Filing return with 5% and 15% tax rates

VAT

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 the VAT filing form with effect



Saudi Witholding (WHT) Tax rates

Zakat/Income Tax

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 amount to a non-resident from a s



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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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 amount to a non-resident from a s

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VAT

Tax Invoice- Saudi VAT

The Zakat and Income Tax Authority clarified the VAT invoice form to be adopted with the introduction of the tax on 1 January 2018, with the aim of improving the levels o

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VAT

Penalties as per Saudi VAT Law

  Penalties for Tax evasion Tax evasion shall be punishable by a fine of not less than the amount of Tax due and not more than three times the value of the Goods or Ser

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VAT

Restriction for Claiming Input Tax - Saudi VAT

Expenditure relating to the following Goods or services is not considered to be incurred by the taxable Person in the course of carrying on his Economic Activity as per S

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VAT

Capital Assets - VAT Treatment

As per the VAT, the treatment of transaction of capital goods is different from other transactions. In this article we are covering input tax on a purchase of capital goo

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