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Board of Director fee and VAT implication

VAT

Member of the Board of directors, not an employee of the business unless they are specifically appointed. Members of the board of directors who have not been appointed under contracts of employment a



Exports from the Kingdom are zero-rated under VAT

VAT

The General Authority of Zakat & Tax (GAZT) clarified that exports from Saudi Arabia are zero-rated under the VAT Law and Implementing Regulations. As such, in-Kingdom enterprises which export goods


Tax Invoice- Saudi VAT

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 of tax compliance. The Authori



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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Labor Law

Termination of Employee Contract without providing end of service benefits- Article 80 Saudi Labor Law

  An employer may terminate the contract without an award, advance notice or indemnity in the following cases, and provided that he gives the employee a chance to state his reasons for objecting to t

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Labor Law

Termination of Employee Contract without providing end of service benefits- Article 80 Saudi Labor Law

  An employer may terminate the contract without an award, advance notice or indemnity in the following cases, and provided that he gives the employee a chance to state

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VAT

How to register for VAT

  Saudi VAT registration has been started from 28th August 2017. All companies, businesses or entities which make an annual taxable supply of goods and services in exce

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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

VAT Tax Return - Saudi VAT

Taxpayers will be required to file their returns to provide details of transactions related to taxable supplies and purchases. Following the submission of VAT return form

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