Updated Dec 7, 2022
Highlights
- Extension of the Tax Amnesty Scheme till May 31, 2023
- Amendments to the Implementing Regulations of Value Added Tax in Saudi Arabia
- Jan 1, 2023: Several amendments become effective of the VAT legislation (Place of supply, Invoicing, Exemption, …)
- Jan 1, 2023: E-Invoicing Phase 2: all invoices must be issued in UBL 2.1 format. B2B invoices are subject to a CTC clearance regime, whilst B2C invoices are reported to the tax authority within 24 hours.
- Amendments to rules for applying a zero VAT rate to some categories of supply
E-Invoicing
- Types of e-Invoices in the Kingdom of Saudi Arabia
- E-invoicing phase II “linkage and integration”
- Fatoora Portal User Manual – Version 2
- Saudi Arabia: E-invoicing Phase 2 Developments
- ZATCA releases User Manual on Fatoora Portal
Electronic contracts
- VAT guide on Electronic Contracts
- VAT Guideline for Electronic Contracts
- VAT Guideline for Electronic Contracts – deemed valid and enforceable, and allow VAT deduction
Exemption
Federal Decree-Law No.18 2022 applicable as of Jan 1, 2023
Other
- GCC Indirect Tax Digest – 19 September 2022
- Tax Insights and Updates – Saudi Arabia
- World’s most innovative economic zone launched in Riyadh
- Circular issued by ZATCA explaining VAT implications in relation to real estate mortgage portfolios insurance
Place of supply of services
- Adding a new paragraph to Article 33 of the executive regulations of the value-added tax system
- Proposed application of zero VAT rate to “export” of services
- ZATCA – Public consultations on VAT amendments
Real Estate
- Zakat, Tax & Customs Authority provides a guide for applying VAT to the contracting sector
- ZATCA – Input VAT Real Estate developers
- ZATCA – new Input Tax rules for Real Estate developers
Refund
- VAT of a car exported from Saudi Arabia cannot be refunded
- VAT refunds under the Licensed Real Estate Developer Scheme in KSA
Taxable amount
Taxable transaction
VAT Rate
