VAT declaration

VAT-registered businesses are required to submit monthly VAT returns. There is often an option to submit quarterly VAT returns if turnover is below a specific limit. In addition to periodic returns, an annual summary VAT return is required.

Saudi Arabia specifics

Saudi Arabia is a member of the GCC with a VAT rate of 15%. Businesses making annual taxable supplies of goods and services in excess of SAR 375,000 are required to register for VAT. For corrections, due to an error or omission of more than SAR 5,000, the taxpayer must complete a self-amendment.

How Infor meets the requirement

See the Tax User Guide and the Financials Setup and Administration Guide.

File VAT returns is on the VAT website/portal. Information that is required to submit VAT returns are manually specified by the user.

General Authority for Zakat and Tax (GAZT) released these guidelines for filing VAT:Simplified VAT Filing Guidelines version 1 (2018)