Saudi Arabia implemented Value Added Tax (VAT) on January 1, 2018, as part of the GCC-wide VAT agreement. Managed by the Zakat, Tax and Customs Authority (ZATCA), VAT is a crucial compliance requirement for businesses operating in the Kingdom. At BMS Auditing, we provide seamless, expert-led VAT registration in Saudi Arabia, helping businesses comply with ZATCA regulations efficiently.
What is VAT in Saudi Arabia?
VAT is an indirect tax imposed on the sale of goods and services. In Saudi Arabia, the standard VAT rate is 15%, increased from the original 5% in July 2020. Businesses that exceed the registration threshold are legally required to register for VAT and submit regular returns.
Documents Required for VAT Registration
To complete VAT registration, the following documents are generally required:
Commercial Registration (CR)
National Address Certificate
Bank account details (IBAN)
Financial statements or income estimates
Owner’s ID and contact details
Tax identification number (TIN), if available
Ensure VAT Compliance – Start Today
If your business is operating in Saudi Arabia and crosses the VAT threshold, timely registration is mandatory. Let BMS Auditing simplify the process, avoid penalties, and ensure your business meets all ZATCA requirements.