What is VAT Service?
VAT (Value Added Tax) is a tax applied to most goods and services sold in Saudi Arabia. Managing VAT can be complex due to changing rules and strict deadlines. VAT services help businesses meet all legal requirements, avoid penalties, and ensure accurate reporting.
Efficient VAT Services for Your Financial Compliance
At Analytix, we understand the importance of staying compliant with Saudi VAT regulations. Our team of experts delivers reliable, timely, and accurate VAT services tailored to your business needs.
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VAT Services
VAT Registration and De-Registration
Natural persons and legal persons who carry on an Economic Activity in KSA must register for the VAT in KSA.
- MANDATORY REGISTRATION FOR KSA RESIDENTS: Registration is mandatory for all persons who are resident in the KSA and whose annual taxable turnover exceeds SR 375,000.
- VOLUNTARY REGISTRATION FOR KSA RESIDENTS: Registration can be done voluntarily for all persons who are resident in the KSA and whose annual taxable supplies or annual taxable expenses exceeding SR 187,500
- MANDATORY REGISTRATION FOR NON-RESIDENTS: Registration is mandatory for all Non-Residents supplying goods or services to non-taxable customers. There is no minimum threshold for the same
Monthly/Quarterly VAT Filing
All VAT registered person, or their authorized representative, must file a VAT return with ZATCA monthly or quarterly tax period. Monthly VAT filing are mandatory for taxable persons with annual revenues exceeding SAR 40 million. For all other VAT registered persons, the standard tax period is quarterly.
The VAT return must be filed, and the corresponding payment of net tax due made, no later than the last day of the month following the end of the tax period to which the VAT return relates. VAT review and filing by a professional/expert is recommended
VAT Return Amendment
Taxable person can make changes to already filed VAT return in form of self-disclosure for any incorrect filing made in past. This is a complicated procedure as it involves fines and penalties on due VAT post the amendment. Proper analyzation is required in such cases and professional/expert’s opinion is recommended.
Errors resulting in understatement of VAT (exceeding SAR 15,000) must be made known to ZATCA within twenty (20) days of detecting the error or incorrect amount, and the previous return must be amended
VAT Refund Support
If the VAT return results in VAT due to the taxpayer, a request for a refund of this VAT may be made together with the filing of the VAT return or a request be made at any point in time later on. VAT Audit by ZATCA in such cases is a possibility. Proper analyzation is required in such cases and professional/expert’s opinion is recommended
VAT Audit Support
ZATCA is responsible for reviewing the correctness of VAT filing and for carrying out examinations to ensure compliance. ZATCA will carry out examinations through both on-site and off-site audits. Taxpayers are required by law to cooperate with an examination carried out by ZATCA. In most cases, ZATCA provides at least 20 days to share documents. Any incorrect document provided to ZATCA can lead to fines and penalties. Proper analyzation is required in such cases and professional/expert’s opinion is recommended
VAT Objection Support
If ZATCA finds an error in a VAT return or any document submitted by the taxable person during an examination, it may issue an assessment to correct that error. On such assessment by ZATCA, the taxpayer has the right to object within a timeframe with ZATCA. Taxpayer can further object with GSTC in case of non-satisfactory results. Proper analyzation is required in such cases and professional/expert’s opinion is recommended
VAT Installment Request
Due to exceptional circumstances or hardship, if a taxpayer is unable to pay the full or partial amount of VAT when it is due, the taxpayer can request for an instalment plan from ZATCA. The Instalment plan can be accepted or rejected by ZATCA post verification of documents
Ready to simplify your VAT compliance?
Contact us today for expert VAT services and peace of mind
Analytix is a trusted accounting services company with 17 years of experience, delivering reliable financial solutions across India, Saudi Arabia, UAE, Qatar, Oman, China, USA and the UK to support businesses with compliance, reporting, and growth.
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Riyadh Office # 703, 7th floor, Futuro Tower King Saud Rd, Riyadh +966 55 440 2052
Jeddah Office # 301, 3rd Floor, Al Modon, Al-Gharbiyah Hael Street, Dansat Building, Jeddah +966 50 637 6474
Dammam Office # 407, 4th Floor, SQ Business Towers, Al Khuzama, Al Khobar, Dammam +966 55 502 9328