Tax Representative
(In Arabic: ممثل ضريبي) Is a person residing in Saudi Arabia who represents a non-resident taxable person in all matters related to VAT, and
Tax Return
(In Arabic: اقرار ضريبي) Represents the information and data specified for tax purposes and submitted by a taxable person or a person authorized to
Taxable Person
(In Arabic: شخص خاضع للضريبة) A person who carries out an economic activity independently with the aim of generating income, and is registered or
Taxable Supplies
(In Arabic: توريدات خاضعة للضريبة) Supplies on which the tax is imposed, either in the standard rate or at the zero rate with deducting
The Unified Agreement for VAT of the GCC
(In Arabic: الاتفاقية الموحدة لضريبة القيمة المضافة لدول مجلس التعاون الخليجي) An agreement was issued in November 2016 and aims to establish a unified
Transaction
(In Arabic: تصرف) The tendency of the will to have a specific legal effect, and this effect is represented by the creation of a
Transaction
(In Arabic: معاملة) Any arrangement, understanding, agreement, or mutual practice whether or not legally enforceable undertaken between two or more Persons.
Transfer Pricing
(In Arabic: تسعير المعاملات) Setting prices for controlled transactions, including -but not limited to- the transfer of goods and services, loans, tangible and intangible
Transfer Pricing Policy
(In Arabic:سياسة تسعير المعاملات) The approach taken by Related Persons when determining the price of the product or service.
Underlying Supply of Goods or Services
(In Arabic: توريد رئيسي للبضائع والخدمات) The goods or services supplied by a Seller (Supplier) and ultimately received by the End Customer.
مكتب رقم 12 – برج بنك التنمية حي الغدير، الرياض، المملكة العربية السعودية
