Accounting Records
(In Arabic: سجلات محاسبية) All documents, books, and accounting entries that contribute to preparing the financial statements including records of assets, liabilities, and supporting
Accounting System
(In Arabic: نظام محاسبة) is a system a company uses to manage financial records and operations, and this often includes tracking revenues, expenses, and
Activity
(In Arabic: نشاط) Any business established for the purpose of earning money, whether it is in the commercial sector, industry sector, or services sector
Actual Taxable Use Percentage
(In Arabic: نسبة الاستخدام الفعلي الخاضع للضريبة) It refers to the taxable usage of a Capital Asset during a twelve-month period, as a portion
Adjustment Period
(In Arabic: فترة التعديل) The period in which the Taxable Person shall adjust previously deducted Input Tax in relation to a Capital Asset in
Assessment and Examination Procedures
(In Arabic: اجراءات الفحص والربط) The tax authority right to conduct assessment and examination procedures to make sure that the taxpayer has fulfilled the
Capital Assets
(In Arabic: اصول رأسمالية) Material (Tangible Assets) and immaterial (Intangible Asset) assets that form part of a business’s assets which are allocated for long-term
Cash Accounting Basis
(In Arabic: محاسبة على الأساس النقدي) An alternative method for calculating and reporting VAT based on the payment date for each supply.
Certificate of registration for VAT
(In Arabic: شهادة التسجيل في ضريبة القيمة المضافة) Zakat, Tax, and Customs Authority issues a VAT registration certificate to the taxpayer after processing and
Commercial Books
(In Arabic: دفاتر تجارية) a set of commercial books that the tax or zakat payer keeps, in which he records all the details of
مكتب رقم 12 – برج بنك التنمية حي الغدير، الرياض، المملكة العربية السعودية
