Method of Calculation, Declaration and Settlement VAT applies to almost all supplies of goods or services | Professional Accountancy Bodies , Saudi Organisation for Certified Public Accountants Member of the International Federation of Accountants IFAC Yes Member of Other Federation of Accountants Audit Bodies Only licensed auditors, recognised by the can perform auditing in Saudi Arabia |
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Consumption Taxes Nature of the Tax A Value Added Tax VAT was introduced on 1st January 2018 | Reporter, Sarah Diaa, Staff 15 June 2016 |
If that's the case, you'll need to do this with the help of your tax advisor or local tax authority.
14Many Saudi companies are making their financial reports available on the Internet | Retrieved on 14 June 2013 |
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Zakat also applies to companies that are resident in Saudi Arabia and other GCC nations | Saudi standards includes requirements on matters that are not covered by IFRS such as Zakat or religious tax |
Corporate Taxes Tax Base For Resident and Foreign Companies A resident corporation is taxed on income arising in Saudi Arabia.
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