Saudi Arabia releases VAT return

Fri 15th Sep 2017

Saudi Arabia has released details of its VAT return in time for the 1 January launch of the 5% tax.

Businesses providing taxable supplies above SAR 40m are required to file monthly returns – otherwise quarterly.  The VAT return is due the last day of the month following the reporting period end

The return includes the following boxes:

  • Standard rated domestic sales
  • Sales to registered customers in other GCC states
  • Zero rated domestic sales
  • Zero rated exports
  • Exempt sales
  • Standard rated domestic purchases
  • Imports subject to VAT paid at customs
  • Imports subject to VAT accounted for through the reverse charge mechanism
  • Zero rated purchases
  • Exempt purchases
  • Corrections from previous period up to 5,000 SAR. Any corrections above this amount will require a corrective return

Click for free Saudi VAT info