- Saudi Arabia’s 2025 VAT amendments tighten rules on Transfer of Going Concern (TOGC) and business cessation.
- Both supplier and recipient must notify ZATCA by the end of the next tax period.
- Record retention is required even after business closure.
- TOGC VAT exemptions are stricter; transfers not meeting criteria are fully taxable.
- Mergers, acquisitions, and closures face higher VAT risks and compliance obligations.
Source: acme-group.me
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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