07.04.21
End of the Transitional Period for VAT rate increase
Further to VAT rate increase from 5% to 15% announcement effective the 1st of July 2020, the Zakat, Tax and Customs Authority (“ZATCA”) in Saudi Arabia has announced transitional rules governing supplies that are made during the transitional period for the VAT rate increase i.e. from 11 May 2020 to 30 June 2021. The transitional rules would not be applicable starting from the 1st of July 2021 onward and the VAT rate to be applied going forward should be 15% applicable to all supplies made (except where zero-rated or exempt by law).
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Browse Kingdom of Saudi Arabia updates
New e-invoicing phase 2 requirements
- Mandate information
ZATCA to subsidize purchase of e-invoicing software
- Mandate information
Saudi Arabia launches tax amnesty schemes
- Country updates
Saudi Arabia will consider reducing VAT “ultimately”
- VAT/G(S)ST rate information
Saudi Arabia initiate procedures for Phase 2 implementation
- Mandate information
ZATCA reclassified the penalties on VAT violations
- Mandate information
ZATCA announces penalties and violations for e-invoicing
- Mandate information
ZATCA develops the Software Development Kit (SDK) Toolkit
- Mandate information
ZATCA publishes guide to develop a FATOORA compliant QR code
- Mandate information
Further changes in the e-invoicing mandate
- Mandate information
Delayed go-live date for Phase two in the e-invoicing mandate
- Mandate information
End of the Transitional Period for VAT rate increase
- VAT/G(S)ST rate information
Draft resolution published by GAZT: open for public consultation
- Mandate information
KSA publishes its final e-invoicing regulation
- Mandate information
Mandatory electronic invoicing
- Mandate information
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