Toll Free: 8008445940, 8008500478, 8008500482

Frequently Asked Questions on VAT

Last updated on 06 April, 2018


 Back to FAQ

Should I register for VAT?

The criteria for VAT registration depends on the projected annual turnover of your business in the upcoming year.

Mandatory Registration:

You MUST register for VAT if:

  • Annual turnover > 375,000 SAR  

Voluntary Registration:

You CAN register for VAT if:

  • 187,500 SAR < Annual turnover < 375,000 SAR  

You CANNOT register for VAT if:

  • Annual turnover < 187,500 SAR; or 
  • All the goods and services sold by your business come under the exempt category.
 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: