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

Malaysia-GST 'scrapped' from 1 June 2018

Malaysia has announced GST will be reduced to 0% from June 2018

Read more
GCC-Kuwait to postpone VAT implementation

Kuwait's parliament budget committee has announced the postponement of the VAT implementation until 2021

Read more
Australia-Changes for non-established accommodation suppliers

In the recent budget, it was announced that non-Australian entities making supplies of accommodation may be brought into the GST net

Read more