Ans. Following are the various taxes on Businesses and individuals 1) Zakat 2) Corporate Income Tax, 3) VAT, 4) With-holding Tax, 5) Excise Tax, 6) Customs Duties, 7) Real Estate Transaction Tax, 8) Unemployment Insurance Tax etc

Ans.  Taxable person who is a resident in a Member State must register for VAT if the value of their annual supplies exceeds or is expected to exceed the Mandatory Registration Threshold of SAR 375,000. Voluntary

Ans. Yes, a non-resident person who is obligated to pay tax on supplies made or received in the Kingdom must apply for VAT registration within 30 days of their first taxable supply, irrespective of turnover thresholds. Non-residents providing taxable supplies, such as e-commerce, gaming, engineering, or designing services in Saudi Arabia, are required to register for VAT.

Ans. The following documents are required for VAT registration:
a) Official name of the legal person or natural person and ID information if the person is a natural person.
b)Physical address of regular abode or place of business.
c) Email address.
d) Existing electronic identification number issued by the Authority, if any.
e) Commercial registration number, if any.
f) Value of annual supplies or annual expenses.

Ans.  The person must apply for VAT registration with the Authority within thirty 30 days of the end of that month, as soon as their taxable supplies exceed the mandatory threshold.

Ans. A penalty of SAR 10,000 is imposed for late registration.

Ans.

In accordance with the Mandatory Registration for Non-Residents as per KSA tax regulations, a non-resident person required to pay tax on supplies made or received in the Kingdom must apply for VAT registration within 30 days of the first taxable supply, irrespective of turnover thresholds. Registration can be completed via the ZATCA portal by submitting the necessary details and documents.

Ans. Vat was 5% when it was started in jaunary 2018. From July 2020 it was increased to 15%.

Ans.

At APMH, we offer comprehensive support to ensure your VAT compliance is seamless and stress-free. Our services include:
a) Assisting with VAT registration to get your business set up efficiently.
b) Ensuring accurate VAT e-invoicing and meticulous bookkeeping to avoid errors.
c) Filing VAT returns promptly and claiming your VAT refunds to maximize your benefits.
d) Managing audits or disputes with auditors & authority so you can focus on your business.
e) Providing tailored VAT compliance training for your staff to keep your operations compliant.

With our expertise and dedication, you can trust us to handle your VAT obligations efficiently and professionally. Contact APMH today and let us simplify your VAT compliance journey!

The company or the consultant needs to submit the details and the form online on the ZATCA portal. Once the submission is done, within 48 hours, the initial queries from the ZATCA portal are received, in case any clarification is required. The queries received from the ZATCA Authorities need to resolved online by providing details/explanations and uploading the relevant documents to substantiate the same. An online call can be requested to the ZATCA Authorities, if further presentation of the facts or legal discussion is required. Even a physical meeting or a hearing can be requested for attending at the nearest ZATCA office, in case of real need for the same. The VAT TIN certificate can be finally downloaded from the ZATCA portal once the registration is approved. The process takes around ten to fifteen Saudi ZATCA working days in normal situations

The official language on the Invoice of Saudi Arabia is Arabic and it is mandatory to make the invoice in Arabic language. However, English Translation of respective details is also allowed on the invoice, alongwith the Arabic language. Invoices should include the following details: Date of invoice (and date of supply if different) Unique, sequential invoice number. VAT Registration number of the supplier. Name and address of the supplier and customer. Description and quantity of the goods supplied/ nature of services provided. Gross, VAT and net values of supply.