- 01 Jul, 2022
FTA released new Public Clarification on Excise Goods
Dubai July 1, 2022: The Federal Tax Authority (FTA) has issued a public clarification EXTP007 offering guidance on excise goods. The guide explains the scenarios where relief from excise tax may be granted for excise goods that are found to be deficient, shortage, considered as wastage, or where goods are intended to......More...
- 30 Jun, 2022
ZATCA denies rumors on VAT Exemption Certificate
Riyadh June 30, 2022: Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) have denied the existence of a value-added tax (VAT) exemption certificate. The Authority clarified that all business owners in the region who engage in economic activities are to obligatory register in the VAT system if their annual revenues reach the......More...
- 29 Jun, 2022
FTA released a new Public Clarification on Gold Making Charges
Dubai June 29, 2022: The Federal Tax Authority (FTA) has recently released a Public Clarification – VATP029 on Gold Making Charges, iterating that the suppliers of the gold jewellery are required to pay VAT on the making charges component by charging the same in the invoice, which would not be covered under......More...