Saudi Arabia Vat Number Format
In regards to individual who don t poses a tin number then the official documents will be the saudi national id or the residency id for non saudies.
Saudi arabia vat number format. Section iv tin information on the domestic website. Businesses must evaluate if they have exceeded the threshold on a monthly basis. Value added tax or vat is an indirect tax imposed on all goods and services that are bought and sold by businesses with a few exceptions. This was based on the gulf co operation council s vat treaty which sets the broad parameters for the role out of vat across its 6 member states.
The ksa has now finalized and published its domestic vat law and vat regulations. Two or more legal people are allowed to register as a group if the same entity or individual owns at least 50 or more than the other group members. Deloitte s english translation is available on its website. And a clear statement of the tax payable or indication that the total.
To know more about vat return filing period in saudi arabia please read vat return filing period. The gcc vat agreement has been signed by all six gcc member states and has been published in arabic by the kingdom of saudi arabia s ksa ministry of finance wesbite. Let us see the details to be mentioned in a tax invoice. The first is a simplified tax invoice for the supply of goods or services with a total value of less than sar1 000 usd266 which must include the date of issue.
Tax identification number if they have one id number such as a saudi iqama or gcc id mobile number email address. Uae 800 82559 saudi 800 2442559 bahrain 800 12559. Let us see a sample format of a vat invoice to be issued in kingdom of saudi arabia. Saudi arabia vat saudi arabia implemented a value added tax regime on 1 january 2018.
The tin can be found on vat certificates and invoices saudi arabia shall implement vat in 2018 and in correspondence between gazt and taxpayers or on any type of documents issued by gazt to taxpayers. The name address and vat identification number of the supplier. Details of the goods or services supplied. What is happened in ksa.
The vat return format prescribed by gazt is broadly categorized into 2 sections the first of which deals with vat on sales output vat and the second one deals with vat on purchases input vat. Saudi arabia shall implement vat in 2018 and in correspondence between gazt and taxpayers or on any type of documents issued by gazt to taxpayers.