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    • New Amendments To KSA VAT Legislation
    08
    Aug

    New Amendments To KSA VAT Legislation


    ZATCA has approved new amendments to the VAT Implementing regulations, which mostly relate to sub-articles of specific Articles.

    • These amendments and additions include changes to the application for registration, registration provisions, financial services, transportation services, adjustment to the value of a supply, correction of returns, refund of tax, and rulings.
    • Notable changes include the requirement for taxable persons to display their registration certificate in a visible manner, the addition of insourcing of labor as a legal basis for not applying VAT, and the clarification of exempt supplies for financial services.
    • Additionally, a new article has been added for supplies made to diplomatic missions by qualified suppliers.
    • The amendments also specify the criteria for determining qualified suppliers and the procedures for their qualification.
    • Other changes include modifications to the preparation of tax returns on a cash basis and adjustments to the threshold for underestimating net tax by taxable persons.


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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.