- ZATCA launched a public consultation on proposed amendments to VAT regulations in Saudi Arabia
- Proposed changes span across 25 articles of the existing VAT Implementing Regulations
- Around 20 key revisions identified as “high impact”
- Significant changes include tax grouping, deregistration procedures, taxable supplies, reverse charges, and input tax adjustments
- Proposed expansion of VAT refund procedures to include charitable organizations and public benefit institutions
- Suggestions for monthly refunds in exceptional circumstances
- Proposed exclusion of tax related to taxable economic activities in refund applications for registered taxable persons
- Proposed requirement for more detailed documentation and formal appointment of a group representative in tax grouping
- ZATCA’s expanded authority to cancel group registrations and remove individual members from tax groups if they violate conditions.
Source: mailchi.mp
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
