Seamless VAT Registration in Saudi Arabia – Expert Solutions by BMS Auditing

Seamless VAT Registration in Saudi Arabia – Expert Solutions by BMS Auditing

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BMS Auditing has the best VAT consultants offering VAT Services in KSA that guide you to do VAT Registration in Saudi Arabia more efficiently. Contact us! Our team has great knowledge and is highly experienced and skilled in assisting client businesses with the registration process.

According to the VAT Rates in Saudi Arabia, the initial standard VAT Rate in January 2018 is 5% and then, it was updated to 15% in July 2020. Since the implementation, businesses in this country have been made to stay compliant with the VAT regulations and guidelines. The first phase of compliance is the VAT registration in KSA, as only the registered businesses are eligible to impose VAT on their products and services, collect the charges and pay it to the government.

What are the documents required for KSA VAT registration?

There are certain documents necessary for VAT registration in Saudi Arabia. Here are the major details to be documented for VAT Registration in Saudi Arabia:

Details on taxpayers

Financial statements

Financial Registration

Based on the taxpayer type under which a business owner belongs, he/she has to present necessary documents declared by the GAZT.  Here is a list of documents required for VAT registration in Saudi Arabia

Types of VAT Services in KSA

BMS Auditing in KSA is a pioneer in VAT consulting, with a highly experienced and knowledgeable team who assists you with all the aspects concerning VAT. BMS provides quality services for VAT in KSA wherein you are updated on changes in regulations so you stay compliant with the rules declared by ZAKAT.

VAT Registration in KSA

If your business is yet to register for VAT under ZAKAT, you need to calculate the taxable amount at the end of every month for 12 months to evaluate the eligibility for registration. At BMS, we assist through the complete VAT services in Saudi Arabia to avoid risks of missing necessary documentation and prevent fines or penalties.

VAT Return Filing in KSA

In KSA, you can file VAT Returns through the ZATCA (Zakat Tax & Customs Authority) portal. Being a taxpayer, you must present the VAT Return online under the VAT regulations of Zakat. At BMS in KSA, Our VAT Return Filing Service in Saudi Arabia help you file the VAT Returns through the corresponding online portal.

VAT Refund

In KSA, refunds are requested quarterly with a single annual claim of 1000 Saudi Riyals. BMS Team in KSA assists you with claiming a VAT Refund.

VAT Accounting

VAT Accounts is the current tax balance with the Saudi Arabian General Authority of Zakat & Income Tax. Every VAT account depicts the tax debit, and credit payments- done and due. BMS Auditing assists you with maintaining accurate details for VAT in the Accounting process in Saudi Arabia.

VAT Audit

To commence a VAT Audit in KSA, you need to submit the records on VAT calculations, and the documents corresponding to the VAT Returns, invoices, and similar transitions. BMS Auditing provides the most efficient VAT Audit services and audit support in Saudi Arabia.

VAT Health Check

Right before the implementation of VAT, a Company is obliged to conduct VAT Health Check/impact assessment. It helps to pinpoint the risk levels, walk through the controls for business operations and other suggestions to address the defects of the company. BMS provides comprehensive VAT Health Check services in KSA, which include a review of the business's VAT processes.

VAT Consultancy

Customers ranging from public corporates to family businesses seek VAT consulting from experts. BMS has professionals and an experienced team who provide effective advice on tax structures, and direct and indirect tax potential across GCC.

VAT De-Registration

VAT De-Registration in KSA is done through an e-service portal from Zakat and the Tax & Customs Authority. BMS Auditing is the best service provider in the case of the de-registration process for VAT in Saudi Arabia.

Who needs VAT Registration in Saudi Arabia?

Businesses with annual taxable supplies exceeding SAR 375,000

Voluntary registration for businesses exceeding SAR 187,500

Don’t risk penalties or delays — let BMS Auditing handle your VAT registration services with precision and care.

Contact: +966 13820 6066
Email: [email protected]

 

 

 

 

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