Investor Presentaiton

12 Application of VAT to Electronic Services Determining place of actual use and benefit 1) Services provided in a specific physical location in order to receive the service. Business lounge Wi-Fi connection in the lounge Suisse Customer In Jeddah-KSA The place of actual use of the service is in the KSA, regardless of the customer's residence or VAT registration status. 2) Services not provided in a specific location. Content provider Downloaded Mobile app. Saudi Customer in Geneva using a KSA SIM card The customer's usual place of residence is deemed the place of actual use. Accordingly, the place of usual residence is the place of supply of the services.

View entire presentation