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Non-Resident Businesses may become eligible for VAT Refund in Saudi Arabia

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It is expected that the Tax Authority of the Kingdom of Saudi Arabia (KSA) will provide a Value-Added Tax (VAT) refund for non-resident businesses having their economic activities outside of Saudi Arabia. The details regarding the provision are yet to be disclosed.

Provided that the deadline for submitting a claim for the year 2019 is 30 June 2020, it is recommended that companies should not avoid the submission of protective claims with an expectation that such a provision will be introduced. The entities may have to review their eligibility for the same if this regime is announced.
The entities may have to review their eligibility for the same if this regime is announced.

 

Source Credit – Tax Scan

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