Should I register for VAT?
The criteria for VAT registration depends on the projected annual turnover of your business in the upcoming year.
You MUST register for VAT if:
- Annual turnover > 375,000 SAR
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.