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

EU-VAT gap report

The 2016 VAT gap report for the 28 EU member states has recently been released

Read more
UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more