How should non-resident tax payers and foreign companies store their VAT records?
Non-resident taxpayers need to have a designated tax representative in KSA who is responsible for maintaining the taxpayer’s VAT records. These records can be:
- Physical documents stored inside the KSA.
- Electronic documents where the physical server is located:
- inside the KSA or;
- outside the KSA with a terminal inside the KSA through which data can be accessed.
Multinational companies that maintain records outside the KSA must have a terminal inside the KSA where their KSA-related VAT records are accessible.