المصطلحات الضريبية

(In Arabic: مكان التوريد) The country or any other place where the supply is considered to take place for VAT purposes. according to the rules stipulated in the Unified Agreement for VAT of the GCC, the VAT Law, and its implementing regulations.

(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 particular characteristics: Non-rivalry -consumption by one person does not reduce the amount available for others.

(In Arabic:التصرف العقاري) Any legal disposition that transfers the ownership of the property, or its possession for the purpose of owning it, or possession of its benefit, including without limiting the contracts that consist of transferring the beneficial rights or Long term lease rights, such as sale, compensation, donation, bequest, swap, lease, finance lease, and transfer of shares in real estate companies, or usufruct right determination for a period of more than 50 years.

(In Arabic: ضريبة التصرفات العقارية) An indirect tax imposed on all transactions under which a legal effect resulted in the form of transferring the right of ownership of the real estate or possession of it for the purpose of owning it, or the possession of its benefit from one person to another; transactions may be based on an agreement between the two parties such as selling or based on the independent freewill of the owner such as a devisor’s will.

(In Arabic: طلب الاسترداد) It is a request submitted by the taxpayer or his representative to Zakat, Tax, and Customs Authority requesting a refund of the tax paid in excess, or any other amounts paid in excess, in accordance with the terms and provisions mentioned in the laws, regulations, and bylaws issued by ZATCA.

(In Arabic: اشخاص مرتبطون) Two or more persons, where one of them has the authority to direct and supervise others so that he has administrative authority that enables him to influence the work of other people financially, economically, or organizationally, and that’s include persons under the authority for a third party which enables him to influence their work financially, economically, or organizationally.

(In Arabic: سنة ضريبية) The fiscal year of the taxpayer as defined by the tax laws.

(In Arabic: مقيم) A person shall be a resident of a country if the conditions of residency specified in each law apply to him; this includes natural persons who own a place of residence in Saudi Arabia and legal persons who have a head office of their business or a permanent establishment in Saudi Arabia.

(In Arabic: بضائع مقيدة) any goods the import or export of which is restricted under the provisions of the Common Customs Law for GCC States or any other law.

(In Arabic: ايراد) The amount received by a seller from the sale of goods and services. Can be calculated by multiplying the unit price by the number of units sold.