VAT REGISTRATION IN SAUDI ARABIA: A GUIDE BY BMS AUDITING

VAT Registration in Saudi Arabia: A Guide by BMS Auditing

VAT Registration in Saudi Arabia: A Guide by BMS Auditing

Blog Article

Saudi Arabia implemented Value Added Tax (VAT) on January 1, 2018, as part of its Vision 2030 initiative to diversify the economy. All businesses operating in the Kingdom must understand their VAT obligations to remain compliant. At BMS Auditing, we offer expert VAT registration in Saudi Arabia and advisory services to support your business in meeting all regulatory requirements set by the Zakat, Tax and Customs Authority (ZATCA).

Who Needs to Register for VAT in Saudi Arabia?

The VAT registration requirements are based on the annual taxable turnover of a business:

  • Mandatory Registration:
    Businesses must register for VAT if their taxable supplies (including imports) exceed SAR 375,000 in the past 12 months or are expected to exceed this threshold in the next 30 days.

  • Voluntary Registration:
    Businesses may register voluntarily if their taxable supplies or expenses exceed SAR 187,500 annually.

  • Non-resident Businesses:
    Non-resident businesses providing taxable supplies in Saudi Arabia must register for VAT, regardless of turnover.

Documents Required for VAT Registration

The following documents required for VAT registration in Saudi Arabia are as follows:

  • Commercial registration (CR)

  • National Address Certificate

  • Bank account details

  • Copy of ID of business owner(s) or manager(s)

  • Financial statements or bank statements

  • Customs details (if applicable)

Why Choose BMS Auditing?

With our extensive presence in the GCC and deep understanding of Saudi tax laws, BMS Auditing provides:

  • Complete VAT registration and advisory services

  • Assistance with ZATCA correspondence

  • Filing of VAT returns and ongoing compliance

  • Training and support for your internal teams

VAT compliance is not just a legal obligation—it's a crucial part of your financial strategy in Saudi Arabia. With BMS Auditing as your trusted partner, you can ensure smooth VAT services and confident navigation of the Saudi tax environment.

Contact us today to begin your VAT registration in Saudi Arabia with expert guidance.

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