The Zakat, Tax and Customs Authority (ZATCA) in August launched a public consultation on proposed amendments to the value added tax (VAT) regulations, including changes to the registration/deregistration process, related parties’ transactions and fair value, tax refunds for tourists and international organizations, and an exemption for supplies to the armed forces. The proposal would also amend Article 47 of the VAT regulations regarding online marketplaces’ responsibilities for VAT on digital services sales, and create an additional VAT liability for marketplaces facilitating domestic sales of goods and services for unregistered Saudi sellers, with certain exceptions.
Source KPMG
