Value Added Tax (VAT)
Value Added Tax (VAT) is an indirect tax imposed on all goods and services that are bought and sold by businesses; with a few exceptions. It is implemented in Saudi Arabia since January 2018 at the rate of 5%; this rate has been increased to 15% effective July 1, 2020.
We provide our clients with the following VAT services:
■ Ensure customers readiness to e-invoicing requirements published by the ZATCA
■ Evaluating our clients’ compliance with respective GAZT regulations and bylaws
■ VAT planning and assessing the client’s tax exposure
■ Preparing, reviewing and filling VAT returns
■ Objections and appeals related to GAZT assessments
■ Provide advise and consultation on VAT requirements