VATupdate

KSA change in “Date of supply in specific circumstance”

Zakat, Tax and Customs Authority (ZATCA) has recently approved the amendment to the provisions of Article No. 20 (“Date of supply in specific circumstance”) of the Value-Added Tax (VAT) Executive Regulations regarding determining the date of supply and tax due in case of services that are carried out by establishments contracting with government agencies in accordance with the new government tenders and procurement law.

Source: premier-brains.com

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