The key updates in the proposed KSA VAT Regulations include:
1. Modifications to tax group formation criteria and processes
2. Changes to tax group registration process
3. Updated definitions for economic activities related to VAT registration and deregistration
4. Amendments to deemed supply rules
5. New stipulations for transfer of economic activities between taxable persons
6. New VAT treatment for transactions within special economic zones
7. Responsibilities for marketplaces involved in supplying electronic services
8. Revamped tax refund process for non-resident foreign businesses
Source Geet Shah
Latest Posts in "Saudi Arabia"
- Saudi Arabia VAT: New Deemed Supplier Rules for Electronic Marketplaces Effective January 2026
- Saudi Arabia Issues Bylaws Establishing Tax and Regulatory Framework for Special Economic Zones
- 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
