Value Added Tax

VAT and Indirect Taxes

The Kingdom of Saudi Arabia has recently released draft VAT regulations for public consultation through the tax authority (GAZT) website. This follows an earlier consultation held in June on the KSA’s domestic VAT law. The regulations, the law and the finalized GCC Framework Agreement form the entire foundations for the introduction of VAT across all sectors in Saudi Arabia from 1 January 2018.

BDO - Dr. Mohamed Al-Amri & Co. completing your VAT returns

Value Added Tax (VAT) creates more headaches for businesses than almost anything else - and the demands on firms become more complicated and time-consuming each year. By using BDO you can ensure that complying with VAT becomes straightforward. Many firms find they inadvertently underpay or overpay VAT, while the steep complexity of the VAT legislation trips many people up. Which items are VAT-able and which not? What about VAT on items which are partly for business use and partly personal? What about VAT on secondhand goods? The team at BDO can answer all these questions (and a myriad more you haven't thought of).

BDO - Dr. Mohamed Al-Amri & Co. - Ensuring you pay the correct amount of VAT

A big problem is that the rules are ever changing - each new Budget brings tweaks to VAT - so keeping current can become a full-time job for businesses and sole traders. BDO makes sure you to stay on the right side of the VAT legislation. Our team will decide whether you need to be registered for VAT, and we'll help you with VAT registration. We'll give you expert advice on VAT planning and administration, and guide you towards the most appropriate and cost-effective scheme for your business - whether it's 'pay as you go' or flat-rate. The team at BDO will help you stay on top of your VAT returns, advising you on VAT control and reconciliation and helping you to complete the VAT return each quarter if you prefer.