Investor Presentaiton
6
VAT Registration requirements
Natural persons and bodies corporate that carry on an economic activities must register for VAT if it performs during a
12-month period taxable supplies or imports that exceed the mandatory registration threshold of SAR375,000 (U.S. $
100,000). VAT registration is optional if yearly sales fall between SAR 187,500 and SAR 375,000.
Registration is to be granted by the ZTCA within two business days. Once a VAT certificate is acquired, online
enterprises must display it on their platforms. After registration, the enterprise will be required to file the VAT returns by
means of the ZTCA portal.
Such persons must also collect the VAT due on the supplies they make as part of their Economic Activity, and remit the
tax levied to the Authority
In many cases, the rules relating to the place of supply are determined based on the supplier or the customer's
place of residence.View entire presentation