- ZATCA issued updated guidelines on VAT for deemed suppliers in online marketplace businesses.
- Online marketplace operators must enhance supplier verification, maintain residency records, and adjust contracts and invoicing for VAT compliance.
- Amendments were made to the excise tax on sweetened beverages.
- Reports on these indirect tax developments were prepared by KPMG Saudi Arabia.
Source: kpmg.com
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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