25 June 2018

Saudi Arabia completes first quarterly VAT return cycle

The Kingdom of Saudi Arabia (KSA) introduced Value Added Tax (VAT) from January 1, 2018. Those businesses on a monthly tax period have already filed a number of returns since January 1, while those taxpayers on a quarterly tax period filed their first VAT return due on April 30. During the VAT return preparation and review process, a number of common issues were identified across many businesses in the KSA.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1294