19/09/2024
Happy Saudi national Day 0n 23rd September to all my Saudi friends and colleagues and to all those who are living in KSA and love KSA.
VAT Saudi Arabia
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VAT SAUDI ARABIA is a platform for all professional tax consultant, tax accountant and Tax practioner and VAT learner to participate in discussion on VAT laws, VAT updates, VAT problems and solutions
19/09/2024
15/01/2018
15/01/2018
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Today is Last Day For VAT Registration for all businesses whose annual turnover is more than SAR 1000,000 after 20th December, 2017 an amount of SAR 10,000 fine will be levied for late registration.
General Rate of VAT in KSA is 5%
KSA is going to implement VAT on all items except health,education and housing sector. Also excise duty is planned to implement on specific goods.
Get ready for VAT as it is more complicated and had more financial and penal effect on business as it directly chargeable in gross revenue/sales/turnover.
Dear Friends be ready it is expected that VAT implementation on all industries except some food , pharmaceutical, and other related ins.
03/01/2017
Now we will explain how VAT will work and how it will affect the business.
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Medina, Jeddah, Riyadh
Medina
13114