Invoice Accounting Basis
(In Arabic: محاسبة على أساس الفاتورة) The primary method for calculating and declaring value-added tax is based on the date on which each supply
Legal Person
(In Arabic: شخص اعتباري) It refers to a company or other entity that has legal personality under the Saudi Companies Law. A natural person
Net Tax
(In Arabic: صافي الضريبة) Tax resulting from deducting the Deductible Tax in a Member State from the Tax due in that State within the
Non-Registered
(In Arabic:غير مسجل) A person who is not registered with Zakat, Tax, and Customs Authority for the purposes of zakat or tax, whether he
Output Tax
(In Arabic:ضريبة المخرجات) The tax due and chargeable on any Taxable Supply of Goods or Services made by a Taxable Person. This is usually
Place of Actual Consumption
(In Arabic: مكان الاستهلاك الفعلي) Is the place where the Customer actually consumes the Goods in the context of a Supply of electricity, gas,
Place of Business
(In Arabic: مقر العمل) The Place where a business is legally established; or where its actual management center is located and where key business
Place of Supply
(In Arabic: مكان التوريد) The country or any other place where the supply is considered to take place for VAT purposes. according to the
Proportional Deduction
(In Arabic:خصم نسبي) The method of calculating Deductible Tax when the Input Tax is related to Goods and Services used to make Taxable Supplies
Public goods
(In Arabic: سلع عامة) Goods that would not be provided in a pure free-market system. This is because they are goods that display two
مكتب رقم 12 – برج بنك التنمية حي الغدير، الرياض، المملكة العربية السعودية
