VAT News

Saudi Arabia-VAT registration deadline

In preparation for the implementation of VAT in Saudi Arabia from 1 January 2018, the Saudi tax authorities have now dictated when businesses must register for VAT.

Those businesses whose taxable turnover exceeds the threshold of SAR375,000 must register by 26 August at the latest or risk a financial penalty.

According to Saudi VAT law, the penalty for not registering at the correct time may be up to SAR10,000.

Related articles

Significant Changes to Polish VAT System

Discover a comprehensive review of the implemented and upcoming changes to the Polish VAT system.

Read more
Impact of Brexit on UK VAT

VAT expert and VATGlobal CEO, Gareth Kobrin explains the impact of Brexit on UK businesses.

Read more
VAT Gap Report Highlights Significant Losses in VAT Revenue Across Europe

EU countries lost €137 billion in VAT revenues in 2017

Read more