Tax periods depend on the annual supplies of the taxpayer. The tax period for individuals subject to Value Added Tax (VAT) whose annual taxable supplies exceed 40 million Saudi Riyals over the preceding twelve months is monthly, while for others, it is quarterly every three months.
A taxpayer whose annual supplies do not exceed 40 million Saudi Riyals may apply to the authority to use a monthly tax period, and the authority may approve or reject it.
Similarly, a person who has used the monthly period for two years may apply to the authority to use a quarterly tax period, provided that the value of their supplies during the year does not exceed 40 million Saudi Riyals at the time of application.
A person using the monthly period submits their first return to the authority at the end of the month following the month of supply. For example, they would submit the tax return for January on February 28.
As for a person using the quarterly period, they submit their first return to the authority on the last day of the month following the three-month period of supply. For example, they would submit the tax return for the first quarter of the year on April 30.