What is VAT?

Value Added Tax (VAT) is an indirect tax applied to the sale of goods and services in the Kingdom of Saudi Arabia (KSA). The current standard VAT rate is 15%.

What are the documents required for KSA VAT registration?

There are certain documents necessary for VAT registration in Saudi Arabia. Here are the major details to be documented for VAT Registration in Saudi Arabia:

• Details on taxpayers
• Financial statements 
• Financial Registration 

Based on the taxpayer type under which a business owner belongs, he/she has to present necessary documents declared by the GAZT. 

VAT Registration Process in Saudi Arabia

Businesses require to register for VAT through the General Authority of Zakat & Tax (GAZT) web portal. The registration timelines are declared by the GAZT based on the annual value of taxable products. 

Let us look at the steps involved in VAT registration:

1. Register for the Tax Identification Number (TIN), if not obtained earlier 
2. Log in to the GAZT portal
3. Select ‘VAT Registration’ on logging in
4. Fill out the registration form with the relevant documents 
5. On successful review and approval VAT registration will be completed

To obtain the Tax Identification Number (TIN),

• Sign up for your account in the GAZT Portal
• Enter the Required Details 
• Click submit to get your TIN on successful submission