المصطلحات الضريبية

(In Arabic: قرار تفسيري) A written opinion or clarification provided by Zakat, Tax, and Customs Authority to a taxpayer on the interpretation or application of the Kingdom’s tax legislation regarding a particular situation.

(In Arabic: طلب قرار تفسيري) A formal application made to Zakat, Tax, and Customs Authority by an applicant to obtain a Ruling on a specific matter, using the prescribed format.

(In Arabic: نظام الشركات السعودي) A Saudi law specialized in companies and the rules that establish them and regulate their responsibilities, rights and duties. It regulates how companies, investors, shareholders, managers, employees, creditors and other stakeholders such as consumers, society and the environment interact with each other. It can be accessed from this link.

(In Arabic: سعر معياري) The price according to the standard price list as established by the Tax Authorities of GCC countries. The standard price is also known as the minimum price or minimum value.

(In Arabic: توريد) Any form of supply of Goods or Services for consideration in accordance with the cases provided for in Chapter Two of the Unified VAT Agreement.

(In Arabic: اصول ملموسة) Represent capital assets that have a physical form. Tangible assets include both fixed assets such as machinery, buildings and land and current assets such as inventory.

(In Arabic: تقييم ضريبي) An assessment of a Taxable Person’s Net Tax due is made either by a Taxable Person upon submitting the Tax Return or by the Authority in any other circumstances.

(In Arabic: نظام إدارة الامتثال الضريبي) is a technology system that supports the taxpayer in increasing compliance with tax laws and regulations related to his business activity. In Saudi Arabia, these taxes include value-added tax, withholding tax, real estate disposal tax, selective goods tax, and income tax for non-Saudi companies. A tax system typically involves: issuing electronic invoices, collecting relevant financial statements, calculating tax liabilities, preparing and filing tax returns, and paying taxes owed. As well as reminders of due dates, and assistance in accessing tax advice from approved service providers.