Investor Presentaiton
13
VAT Reporting
Issuing invoices
A taxable supplier must issue a tax invoice for each taxable supply made to any other VAT-registered person or to any
other non-taxable legal person.
In all events invoices must be issued no later than 15 days following the end of the month in which the supply is made.
The tax invoice must clearly detail information such as, the invoice date, date of supply if it's different than the invoice
date, supplier's tax identification number, taxable amount, tax rate applied, and the amount of VAT charged.
Filing VAT returns
Each VAT-registered person or persons authorized to act on their behalf must file a VAT return with ZATCA for each
monthly or quarterly tax period (as applicable).
The VAT return is considered the taxable person's self-assessment of tax due for that period.
Monthly VAT periods are mandatory for businesses with an annual turnover exceeding SAR 40 million.
For all other VAT registered persons, the standard tax period is three months.
The VAT return must be filed, and the corresponding payment of net tax due made, no later than the last day of the month
following the end of the tax period to which the VAT return relates.View entire presentation