It is mandatory to register for Value Added Tax, VAT, in Saudi if the annual sales of your business is more than SAR 1,000,000. You can take your time till 20th December, 2018, if the annual sales is more than SAR 375,000, but less than SAR 1,000,000. Voluntary Registration If your annual sales is more than SAR 187,500, you are allowed to do voluntary…
Month: July 2018
VAT in Saudi
What is VAT in Saudi Arabia? VAT is the short form of Value Added Tax VAT is an indirect tax imposed on goods and services VAT in Saudi is similar to those implemented in 160 countries VAT rate is among the lowest worldwide VAT is collected by businesses from their customers and then deposited with the government The General…