VAT’s UP
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VAT’s UP
KSA announces December 20, deadline for registration
The confusion surrounding the deadline for registration in Saudi Arabia has been set to rest. The deadline for mandatory registration for VAT in KSA has been set as December 20, 2017.
The Saudi VAT law, announced on July 28, mentioned a deadline of “30 days” from its publication without a specific date, sparking speculation from professional advisers and media that businesses liable to pay VAT had only until Aug. 26 or 27 to register.
“All companies, businesses or entities which make an annual taxable supply of goods and services in excess of SAR 375,000 are legally required to register for VAT by 20th December 2017,” the new government website has declared.
Read more at Bloomberg site