Ganesh Nair on 14 December 2020
Quite an eventful year this 2020 is proving to-be from VAT standpoint. Actions taken by GAZT in the past few months were commendable and applauded.
First, th..
Ganesh Nair on 13 October 2020
Applicability of VAT on Real Estate Transactions, in The Kingdom of Saudi Arabia Part 2.
In the previous article dated 25 March 2020, we discussed extensive..
Ganesh Nair on 20 September 2020
Saudi Arabias General Authority of Zakat and Tax (GAZT)has issued a draft regulation on E-invoicing, for the comments / opinions / suggestions from the Taxpayer..
Ganesh Nair on 21 May 2020
The General Authority of Tax and Zakat (GAZT) in Saudi Arabia has issuedGuidelinesin Arabic relating to VATrate increasefrom current 5% to 15% w.e.f 01 July 202..
Ganesh Nair on 15 April 2020
The General Authority of Zakat and Tax (GAZT) has introduced a great Initiative and came up with an AMNESTY SCHEME to stimulate the Economy and support the Priv..
Ganesh Nair on 25 March 2020
March is that month of the Calendar, where we all are occupied to its fullest, and the work is at its peak, however we shall remember March 2020 for all the wro..
Ganesh Nair on 23 March 2020
As part of Financial Stimulus Package announced by Saudi Government,Government of Saudi Arabia Implements Urgent Measures to Mitigate the Impact of Coronavirus ..
Ganesh Nair on 06 February 2020
As we know, the Kingdom of Saudi Arabia introduced Value Added Tax (VAT) @ a Standard rate of 5%, on the importation and supply of goods and services with very ..
Ganesh Nair on 28 November 2019
Understand from the UAE Guideline that, Sugar Sweetened Beverages have been defined for Excise Tax purposes, as per the following:
Any ready-to-drink beverag..
Ganesh Nair on 21 November 2019
GCC Countries have been given Right to exempt or levy VAT @0% (1) on certain Sectors viz:
Education;
Healthcare;
Real Estate; and
Local Transport.
..