The Saudi tax authority (General Authority of Zakat and Tax – GAZT) on 20th May 2020 announced guidelines concerning transitional provisions that will apply to contracts signed and tax invoices issued before the effective date of the new VAT rate. The transitional guidance is summarized below as follows:..
Source: gccfintax.com
Latest Posts in "Saudi Arabia"
- Saudi Arabia Issues Implementing Regulations for Special Economic Zones, Introducing Tax and Customs Incentives
- 3 countries offering grace periods for e-invoicing mandates
- Saudi Arabia Extends E-Invoicing Fines Exemption for Businesses Until June 2026
- Saudi Arabia amends its integrated customs tariff schedule
- Saudi Arabia Extends ZATCA Tax Penalty Exemption Initiative Until June 2026
