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"
- ZATCA’s 2025 Guide: VAT Rules for E-Market Platforms and Deemed Supplier Obligations in KSA
- Saudi Arabia Revises Customs Tariffs, Increases Duties, and Updates HS Codes Effective 2025
- Saudi Arabia Extends ZATCA Tax Penalty Waiver Initiative Until June 2026
- Saudi Arabia Updates VAT Rules for Online Marketplaces, Amends Excise Tax on Sweetened Beverages
- Saudi Arabia Clarifies VAT Deemed Supplier Rules for Electronic Marketplaces
