Resident and non-resident businesses performing taxable supplies must register with the tax authorities within 20 days of passing the VAT registration threshold. Businesses must evaluate if they have exceeded the threshold on a monthly basis. The registration threshold will be SAR375,000.
All VAT registration applications are made electronically, with the following information:
VAT deregistrations may be required where the taxable supplies cease, or fall below the annual VAT registration threshold
This guide covers the essential steps ecommerce sellers need to take now that the UK has left the EU Customs Union and VAT regime to keep their cross-border sales going, avoid extra tax costs and frustrated customers.
Read the report to learn about key industry trends, emerging issues, and challenges faced by cross-border sellers and shippers.
Manage international tax with cross-border solutions for VAT, HS code classification, trade restrictions, and more.