KSA's General Authority of Zakat and Tax (GAZT ) has released an English Version Guide for Investment Funds, Trusts and Estates Main points covered in the guide include:
a) Guidance to Taxpayers, their agents, and any other persons in respect of the application of VAT to common legally recognised and documented investment structures administered by agents, such as an Investment Fund or a Trust;
b) Application of VAT to the Estates of deceased natural Persons;
c) General obligations for Unitholders, Inheritors, Beneficiaries, Custodians and persons responsible for administering Trusts, Investment Funds and Estates and the corresponding Assets.
Read the Guidelines here: Guide for Investment Funds, Trusts and EstatesClick here to download the file