Exempt Supplies
(In Arabic: توريدات معفاة من الضريبة) Supplies on which the tax is not charged, and the associated input tax is not deducted, in accordance
Explanatory opinion
(In Arabic: رأي توضيحي) A legal opinion and statement issued by Zakat, Tax, and Customs Authority for explanatory purposes to respond to a ruling
Export of Goods
(In Arabic: تصدير السلع) Supply of Goods from any Member State to outside of the GCC Territory in accordance with the provisions of the
Goods
(In Arabic: سلع) All types of material property (material assets), including water and all forms of power including electricity, gas, lighting, heating, cooling and
Independent Persons
(In Arabic: اشخاص مستقلون) Persons that are not related persons or persons under common control.
Indirect Taxes
(In Arabic: ضرائب غير مباشرة) Taxes that a customer bears and are imposed through an intermediary so that he is responsible for collecting them
Information Submission Period
(In Arabic: مدة تقديم المعلومات) Is the period of 20 days during which an Applicant must provide supplemental or additional information requested by Zakat,
Initial Input Tax Deduction
(In Arabic: خصم مبدئي لضريبة المدخلات) The deduction of Input Tax made by a Taxable Person upon the purchase of a Capital Asset, calculated
Input Tax
(In Arabic: ضريبة المدخلات) The tax borne by a Taxable Person in relation to goods or services supplied to him or imported for the
Intangible Asset
(In Arabic: اصول غير محسوسة) An identifiable non-monetary (Capital Assets) without physical substance.
مكتب رقم 12 – برج بنك التنمية حي الغدير، الرياض، المملكة العربية السعودية
