In the Kingdom of Saudi Arabia (KSA), the Value Added Tax (VAT) law stipulates that businesses must undergo VAT registration if their annual taxable turnover exceeds a specified threshold limit. Acquiring a VAT certificate in Saudi Arabia is not a stand-alone process it is an integral component of the VAT registration process. Complying with KSA VAT regulations necessitates VAT registration, as it is indispensable for invoicing and various aspects of business operations, including timely reporting to the Zakat, cl, and Customs Authority (ZATCA). This article will explain the step-by-step procedure for obtaining a VAT certificate, emphasize its significance, and explain the process for reprinting.
December 23, 2022 ZATCA announced that businesses in KSA with a turnover exceeding SAR 500 million but less than SAR 3 billion fall under the second targeted group or wave 2 of phase 2 of e-invoicing. These businesses are required to integrate their ERP/POS systems with ZATCA’s Fatoora portal starting from July 1, 2023.
March 24, 2023 ZATCA announced the third wave under phase 2 of Saudi Arabia e-invoicing. According to the announcement, businesses with a VAT turnover between SAR 250 million and SAR 500 million during 2021 or 2022 are included in wave 3 of … … … phase 2. These businesses are required to integrate their ERP/POS systems with ZATCA’s Fatoora portal starting from October 1, 2023.
April 28, 2023 ZATCA announced the fourth wave under phase 2 of Saudi Arabia e-invoicing. According to the announcement, KSA VAT-registered businesses with a turnover between SAR 150 million and SAR 250 million during 2021 or 2022 are included in wave 4 of phase 2. These businesses are required to integrate their ERP/POS systems with ZATCA’s Fatoora portal starting from November 1, 2023.
May 26, 2023 ZATCA announced the fifth wave under phase 2 of e-invoicing in Saudi Arabia. According to the announcement, businesses registered under KSA VAT with a turnover exceeding SAR 100 million during 2021 or 2022 are included in wave 5 of the integration phase of e-invoicing. These businesses are required to integrate their ERP/POS systems with the Fatoora portal starting from December 1, 2023.
June 16, 2023, ZATCA announced the sixth wave under phase 2 of Saudi e-invoicing. According to the notification, businesses registered under KSA VAT with a turnover exceeding SAR 70 million during 2021 or 2022 are included in wave 6 of phase 2. These businesses are required to integrate their ERP/POS systems with ZATCA’s Fatoora portal starting from January 1, 2024.
July 28, 2023 ZATCA announced the seventh wave under phase 2 of Saudi e-invoicing. According to the notification, businesses registered for VAT with a turnover exceeding SAR 50 million during 2021 or 2022 are included in wave 7 of phase 2. These businesses are required to integrate their ERP/POS systems with ZATCA’s Fatoora portal starting from February 1, 2024.
August 23, 2023 ZATCA announced the eighth wave under phase 2 of Saudi e-invoicing. This wave applies to KSA businesses registered under VAT with a turnover exceeding SAR 40 million in 2021 or 2022. These businesses are required to integrate their ERP/POS systems with ZATCA’s Fatoora portal starting from March 1, 2024.
Step-by-step process to obtaining your VAT certificate in Saudi Arabia:
To secure a VAT certificate in Saudi Arabia, businesses need to adhere to a structured procedure within the VAT registration process.
1. Begin by accessing the ZATCA portal and logging in.
2. Once logged in, navigate to the ‘General Services’ section.
3. Under ‘General Services,’ locate and click on the ‘Registration for VAT’ tab.
4. Complete the registration form by providing the necessary details, and then submit the form.
5. After your application has been processed, ZATCA will issue a notification and send you the VAT certificate.
The VAT certificate in Saudi Arabia contains essential information, including the name of the taxable person, the Taxpayer Identification Number (TIN), and the effective date of registration. Additionally, each certificate is assigned a unique VAT certificate number.
Significance of VAT certificate in Saudi Arabia
The significance of the VAT certificate in Saudi Arabia lies in its requirement for VAT-registered businesses. These businesses are mandated to prominently display their VAT certificate at their main place of business and all branch locations. This display serves as evidence that the businesses are officially registered under the VAT system in KSA. Failure to display VAT certificates at business premises can result in penalties of up to 40,000 SAR.
Reprinting Your VAT Certificate in Saudi Arabia: A Step-by-Step Guide
To obtain a reprint of your VAT certificate in Saudi Arabia, follow these straightforward steps through the ZATCA portal:
1. Begin by logging in to the ZATCA portal.
2. In the portal, navigate to the ‘E-Services’ tab and choose ‘Value Added Tax.’
3. Within the ‘Value Added Tax’ section, select the option for ‘Request to reprint of VAT Certification.’
4. Then proceed by clicking on ‘Reprint of VAT Certification.’
5. After the VAT certificate is downloaded, simply open the soft copy and proceed to print it for your records.
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