VAT Registration for non – executives in the Kingdom of Saudi Arabia has been saved
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VAT Registration for non – executives in the Kingdom of Saudi Arabia
It is just over 2 weeks until the new, lower Value Added Tax (VAT) threshold is introduced into the Kingdom of Saudi Arabia. If you have a turnover in excess of SAR 375,000 per annum, you are required to register no later than 20 December 2018.
This will not only affect smaller/medium sized businesses, but it will also have a major impact on non-executive board members, who, unless already VAT registered, are likely to need to comply with these rules.
