Law of Value Added Tax

Release Date:	1438-11-02
Release Tool:	Royal Decree
Issuance Instrument Number:	m/113
Validity:	Valid
Date of last amendment:	1441-10-15
Summary:	By AI The Value Added Tax Law issued by the General Panel for Zakat and Income includes basic definitions and sets a tax rate of 15% on the import and supply of goods and services, with the possibility of exemptions. The law requires the registration of taxable persons according to their economic activity and specifies the conditions and procedures for registering a tax group. The law also addresses the procedures for deregistration, conditions for deemed supplies, transfer of goods, and exempt transa...

Release Date:

1438-11-02

Release Tool:

Royal Decree

Issuance Instrument Number:

m/113

Validity:

Valid

Date of last amendment:

1441-10-15

Summary:

By AI

The Value Added Tax Law issued by the General Panel for Zakat and Income includes basic definitions and sets a tax rate of 15% on the import and supply of goods and services, with the possibility of exemptions. The law requires the registration of taxable persons according to their economic activity and specifies the conditions and procedures for registering a tax group. The law also addresses the procedures for deregistration, conditions for deemed supplies, transfer of goods, and exempt transa...