- Starting from 1 July 2023, tax invoices for taxable supplies of used vehicles under the profit margin scheme in KSA must include additional details, as per Administrative Resolution No. (63630) published by ZATCA.
- These details include the invoice title as “Profit Margin Tax Invoice,” the customer’s VAT registration number (if applicable), the eligible item’s ID number (chassis number), and the consideration payable with VAT imposed on the profit margin without specifying the VAT amount due.
- These details are required for all supplies of qualified used goods, as stated in Article 53(5) and Article 53(8) of the Implementing Regulations for Value-Added Tax.
Source Aurifer
