Since 2022, businesses operating in Saudi Arabia have the opportunity to reclaim VAT on Accounts Payable (AP) expenses, something that was previously impossible. Yet, many companies are still unaware of the significant refunds they are entitled to.
The recent VAT Return and VIES filing deadline updates are outlined in the official announcement from 23 December 2024 and the summary “New VAT Chain” from 30 January 2025.
On 23 December 2024, the Official Gazette (Issue 441) published an amendment to the Turnover Tax Implementation Decree 1968 (Uitvoeringsbesluit omzetbelasting 1968), specifically addressing corrective VAT returns.
The February edition of our International VAT Rate Round Up highlights the latest updates from Estonia, India, Indonesia, Ireland, Lithuania, Peru, Portugal and Slovakia.
The February edition of the Global VAT Guide features comprehensive updates on VAT regulations and developments from The European Union, Czech Republic, Denmark, Finland, Germany, Italy, Saudi Arabia, Turkey, United Kingdom, Vietnam.
The January edition of our International VAT Rate Round Up highlights the latest updates from Canada, Ecuador, Estonia, Russia, Slovakia, and Turkey.
