Contribution by Ganesh Nair

Electronic Billing in Saudi Arabia
Electronic Billing in Saudi Arabia
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..
Treatment of VAT on Real Estate Transactions in Saudi Arabia
Treatment of VAT on Real Estate Transactions in Saudi Arabia
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..
Draft  Electronic Invoicing Regulations in Saudi Arabia
KSA
Draft Electronic Invoicing Regulations in Saudi Arabia
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..
VAT Increase Guidelines pubslihed by GAZT
KSA
VAT Increase Guidelines pubslihed by GAZT
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..
GAZT has released summary of initiatives to stimulate the economy and support the private sector
KSA
GAZT has released summary of initiatives to stimulate the economy and support the private sector
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..
Applicability of VAT on Real Estate Transactions, in The Kingdom of Saudi Arabia
Applicability of VAT on Real Estate Transactions, in The Kingdom of Saudi Arabia
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..
 KSA deferred the Tax payment and return deadline
KSA
KSA deferred the Tax payment and return deadline
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 ..
Applicability of VAT on Salaries and Wages, in the Kingdom of Saudi Arabia KSA
KSA
Applicability of VAT on Salaries and Wages, in the Kingdom of Saudi Arabia KSA
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 ..
Query on the new levy of 50% Selective / Excise Tax in UAE and KSA on Sweetened beverages
KSA
Query on the new levy of 50% Selective / Excise Tax in UAE and KSA on Sweetened beverages
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..
 Treatment of VAT on the Rejection / Discounts availed by the Insurance Companies in The Kingdom of Saudi Arabia (KSA) under Health Care Sector
KSA
Treatment of VAT on the Rejection / Discounts availed by the Insurance Companies in The Kingdom of Saudi Arabia (KSA) under Health Care Sector
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. ..

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