Saudi Arabia Clarifies VAT Zero-Rating for Exports and First Return Deadlines
Saudi Arabia's General Authority of Zakat and Tax has issued a release clarifying that exports of both goods and services from Saudi Arabia are zero-rated under the new VAT regime, with exporting enterprises entitled to deduct the VAT-eligible input taxes paid, provided that their tax returns are filed as required (see below). Under the provisions of the VAT regulations, exports must be outsid…
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