Most Reliable Saudi Arabia VAT Registration Firm
VAT registration in Saudi Arabia is a time consuming plus complicated process and a single mistake in filing Zakat or tax returns could lead to penalties from ZATCA and delays in issuance of vat certificate.
At Go Maven consultancy, we focus on handling these typical services for our clients in such a way that our clients do not have to face any hurdles or delays in these processes. As a consultancy firm, we offer all the services you need to keep your business running smoothly.
What is VAT Registration?
KSA VAT registration is the process of enrolling your business in KSA with national tax authority i.e. ZATCA so that you can file your taxations and get a vat certificate. By registering for vat, you become a certified and official taxpayer.
Why Choose Go Maven?
With an extensive experience of working for several firms, we emphasize on service quality rather the service charges.
At GoMaven consultancy we make sure that all your documents are up to date and they are fulfilling the ZATCA requirements so you do not have to worry about the taxation filing and auditing stuff. We are here to look after that for you and provide you the best timely updates.
What We Offer?
We offer a variety of services that are necessary to make sure that the business is meeting all the auditing and taxation criteria. These are the services that we offer:
- Odoo ERP software
- Book keeping on ERP system
- KSA VAT return submission
- Zakat and tax returns submission
- Preparation of financial statements for external audit
- Communication and fulfilling the requirements of ZATCA
Who Needs VAT Registration in KSA?
Registering for VAT in Saudi Arabia is not a matter of choice but it is a legal requirement. A company must register for VAT if its taxable supplies and imports exceed the mandatory registration threshold of SAR 375,000.
Furthermore, a business may choose to register for VAT voluntarily if their supplies and imports are less than the mandatory registration threshold but exceed the voluntary registration threshold of SAR 187,500.
Documents Required
Below are some of the most important and crucial documents that are required for filing VAT returns in KSA.
- Sales invoices (Tax invoices)
- Purchase invoices (Supplier bills)
- VAT credit notes and debit notes
- Customs import documents (if importing)
- Bank Statements (To match)
- Accounting records (VAT summary)
- ZATCA VAT registration certificate
Get Professional VAT Registration Support
At Go Maven consultancy you will get premium support from start till the end at every step of vat registration process. Our team of professionals will give you the perspective and support you need to manage the taxes effectively. No matter whether your business is established or it is a startup, our services will cover all the legal aspects and add significant value to your company.
FAQs
Different steps are involved in Saudi Arabia vat registration process.
- Firstly create an account on ZATCA portal
- Add your business details
- Submit the required documents
- Review properly before form submission
On approval, you will get VAT certificate from ZATCA
You can simply register your business online on ZATCA portal and once all the information is reviewed and approved, you will get VAT certificate from ZATCA.
The minimum turnover threshold value for mandatory VAT registration is SAR 375,000 annually.
There are few services that are VAT exempted in KSA which means that no VAT will be charged and hence no VAT can be claimed. These services include:
- Financial services
- Specific government activities
- Certain healthcare services
Certain educational services