OrbitaxSaudi Arabia Publishes Detailed Guidelines on Applicability of VAT to Oil and Gas Sector
|Approved Changes|Saudi Arabia
Saudi Arabia's General Authority of Zakat and Tax (GAZT) on 6 May 2019 published detailed guidelines on the applicability of VAT in the oil and gas sector.
The Oil and Gas Guidelines clarify various issues relating to the applicability of VAT in the hydrocarbons sector, including:
a. Place of supply rules;
b. VAT considerations for upstream activities;
c. VAT considerations for midstream acti…
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