(In Arabic: فترة ضريبية) The period of time during which the Net Tax must be accounted. In KSA, the tax period is either a calendar month or calendar quarter.
(In Arabic: استرداد الضريبة) It is a refund request submitted by the taxpayer himself, or whoever acts on his behalf by an official power of attorney. After that ZATCA evaluates the taxpayer’s request and ensure that there are overpaid amounts, then process the refund within thirty days from the date on which ZATCA received the application.
(In Arabic: ممثل ضريبي) Is a person residing in Saudi Arabia who represents a non-residenttaxable person in all matters related to VAT, and he shall be responsible, together with the taxable person, for the payment of any financial obligations related to VAT.
(In Arabic: شخص خاضع للضريبة) A person who carries out an economic activity independently with the aim of generating income, and is registered or obligated to register for tax purposes in accordance with the provisions of The Unified Agreement for VAT of GCC.
(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 associated input tax, in accordance with the provisions of The Unified Agreement for VAT of GCC, VAT law, and its implementing regulation.
(In Arabic: معاملة) Any arrangement, understanding, agreement, or mutual practice whether or not legally enforceable undertaken between two or more Persons.
(In Arabic: تصرف) The tendency of the will to have a specific legal effect, and this effect is represented by the creation of a right that results from it. For example, the contracts concluded with the transfer of ownership of real estate between two parties, as it is a legal act based on the convergence of two wills, and a system that acquires real rights. The same applies to the will, as it is a legal act based on a unilateral will, and it also acquires specific rights.
مكتب رقم 12 – برج بنك التنمية حي الغدير، الرياض، المملكة العربية السعودية
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