Value Added Tax

(In Arabic: بضائع مستعملة مؤهلة) Goods prescribed by Zakat, Tax, and Customs Authority as eligible for calculating VAT based on profit margin.

(In Arabic: توريدات معفاة من الضريبة) Supplies on which the tax is not charged, and the associated input tax is not deducted, in accordance

(In Arabic: مدة تقديم المعلومات) Is the period of 20 days during which an Applicant must provide supplemental or additional information requested by Zakat,

(In Arabic: خصم مبدئي لضريبة المدخلات) The deduction of Input Tax made by a Taxable Person upon the purchase of a Capital Asset, calculated

(In Arabic: ضريبة المدخلات) The tax borne by a Taxable Person in relation to goods or services supplied to him or imported for the

(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

(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

(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

(In Arabic: آلية الاحتساب العكسي) The mechanism by which the taxable customer is obligated to pay the tax due on behalf of the supplier,

(In Arabic: فاتورة ضريبية مبسطة) An invoice that can be issued for Taxable Supplies in certain situations. It is a form of Tax Invoice