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Overview of VAT in Saudi Arabia 

KSA_TAX_EXPERT
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This video provides an overview of Value Added Tax (VAT) in Saudi Arabia. There a lots to talk and discuss on VAT which will be covered in future. This is dedicated to young Saudi nationals and Tax enthusiast who have studied Tax in university or encountered taxes fairly recently when Saudi Arabia introduced the VAT system in 2018. This is my tribute to Saudi society where I have spent almost my entire career of over 15 years practicing Saudi Tax. Basic objective of this Channel is to introduce Saudi tax system in simple and comprehensive manner to our young Saudi national human resource so that they can learn and formally be part of this change. Needless to say, information contained are interpretation based on my experience that has been gained during these 15+ years practicing Saudi Tax. As like any other law / regulation, many of the aspects are also subject to interpretation and practices that are depending upon substance / documentation Basic purpose of this Channel is for education and development only, as such a professional advise should be sought before applying the comments shared herein to real life situation. For any details or clarification, please feel free to contact me at +966.55.729.4327 or caimranahmad1978@gmail.com. Wish you good luck and happy learning.

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19 авг 2024

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Комментарии : 30   
@baburamaryal8574
@baburamaryal8574 6 месяцев назад
Very informative, thank you
@muhammedsaheerep8638
@muhammedsaheerep8638 3 года назад
👍 Please doing more video about saudi vat rules,like deduction .excemption and about zero rated and I want to know more about RCM.please doing.
@whitekkk6137
@whitekkk6137 Год назад
Nice and very summarise to the point. Thank you sir. I am new in Riyadh your videos help me a lot to understand the taxation and zakat system of KSA. IF you have notes or presentationz & can share the please let me know. Thanks again
@iamtechnos453
@iamtechnos453 Год назад
The overview of the vat system was amazingly explained, but I still have some questions I would like to ask. Inshallah, I will email them to you.
@ksa_tax_expert4097
@ksa_tax_expert4097 3 года назад
Dear all - please note my correct mobile 557294327, there is typo error in this video
@superproductsforyou
@superproductsforyou 5 месяцев назад
there is a mistake in the video the total amount is 1150 not 1050
@pkjafar
@pkjafar Месяц назад
FINE
@mnyeem5926
@mnyeem5926 6 месяцев назад
Can you please explain about excise tax in saudi arabia ? Excise can be considered as input vat ?
@JamilJamil-xx3ny
@JamilJamil-xx3ny 10 месяцев назад
Dear Sir, I have a doubt, need ur help. I am a buyer in a company and i buy frequent machines and parts to my factory from international suppliers. The supplier will send the part through DHL or other courier service and wen the shipment comes to me i pay only custum duty and get my shipment. I want to know why there is no vat here.
@asifhossain5864
@asifhossain5864 Год назад
Sir I have a Maksala . Can you please help me how can I pay my tax & how can I impose my tax on my services.
@kamrulzoha9223
@kamrulzoha9223 2 года назад
I want to know about RCM in Saudi Arabia And what about if I sale to UAE from Saudi
@samirshah8873
@samirshah8873 2 года назад
XYZ company (based in KSA) is in the business of repairs and maintenance of machinery. A UAE based company sends it's machine to XYZ company to get repaired, XYZ Company repairs and then returns the machine back to the UAE. What are the tax implications on these types of transactions?
@user-cc1ii8kx2o
@user-cc1ii8kx2o 2 года назад
The company in saudi must put tax in its invoices and pay it duly to government even though client is an oversees client
@shafathasan7160
@shafathasan7160 Год назад
Sir does expenses related with consumption also include in input vat like stationery, fuel etc
@kamrulzoha9223
@kamrulzoha9223 2 года назад
I want to know VAT (RCM)
@merajtyagimaasebadakuchbhi2408
Expences deduction in vat or no
@huzaifaansari343
@huzaifaansari343 Год назад
It'll help us a lot if you speak without so much breaks as we speak normally because I don't have enough time. You could have make this video of around 5 minutes if u would have spoken normally.
@ksa_tax_expert4097
@ksa_tax_expert4097 Год назад
thanks for your note, will consider it.
@shijilganga5319
@shijilganga5319 2 года назад
Shall we claim VAT paid for employee expenses like purchase of canteen items, petrol exp for company vehicles given to employees etc?
@imranahmad1978
@imranahmad1978 2 года назад
If related to company and you can proof it to ZATCA
@taukiransari1839
@taukiransari1839 3 года назад
A company not made vat return from 2018, even zaka, now the co. Get vat registered last month, how it can fill vat return qtrly? Can u suggest?
@imranahmad1978
@imranahmad1978 3 года назад
Howe much was revenue of company in 2018, 2019 and 2020?
@imranahmad1978
@imranahmad1978 3 года назад
if the revenue was more than the mandatory limit and company did not file VAT returns in past, filing prior years returns will result in delay fine
@sarfraz.ahmedshaan3297
@sarfraz.ahmedshaan3297 3 года назад
Sir calculation kaise karna hai Vat Actual invoice value 100 vat paid 15 sale Purch 50 vat laid 7.5 15-7.5=7.5 vat return Or 100/1.15= 86.95, 50/1.15=43.47 86.95-43.47=
@imranahmad1978
@imranahmad1978 3 года назад
On sales - sales - 100 VAT payable 15 On purchase - Purchase - 50 VAT receivable 7.5 At the end adjust VAT Payable with VAT receivable and make net settlement
@sarfraz.ahmedshaan3297
@sarfraz.ahmedshaan3297 3 года назад
@@imranahmad1978 thanks
@nabeelrasheed3238
@nabeelrasheed3238 3 года назад
Bhai meri shop ha electric stor monthly 20 hzr sell ha kia mery shop pr tex lagoo ha???
@intekhabalam687
@intekhabalam687 Год назад
Thank you sir May I contact please
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