Saudi Tax Authority Issues English-Language VAT Guidance on Economic Activity, Input Tax, Imports and Exports, and Invoicing and Records

The Saudi General Authority of Zakat and Tax (GAZT) has published several English-language guidelines on value added tax (VAT) dated September 2018. These include:

• VAT Economic Activity Guideline - provides additional clarification to taxpayers with respect to the interpretation and definition of Economic Activity for VAT purposes, which is one of the fundamental and essential terms for the imposition of VAT in Saudi Arabia;
• Invoicing and Records Guideline - provides additional clarificati…