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Having Implemented VAT, Saudi Arabia Moves To Challenge Fraud

by Lorys Charalambous, Tax-News.com, Cyprus

02 January 2018


Saudi Arabia's tax agency has launched a dedicated application to enable taxpayers to determine if the business they're dealing with is registered for the nation's new value-added tax (VAT).

Available on both Apple and Google app stores, the application is intended to support individuals and businesses to prevent themselves from being defrauded by businesses claiming to be registered for VAT. Specifically, taxpayers can scan the barcode on the VAT registration certificate, or enter the Commercial Registration number or the 15-digit VAT identification number mentioned on the invoice.

The application also includes a calculator function to support taxpayers to compute the correct amount of VAT due on an invoice and a report function to flag business operating in violation of VAT laws.

TAGS: individuals | compliance | VAT tax authority guidance | VAT registration / deregistration | tax | business | value added tax (VAT) | Saudi Arabia | VAT cross-border transactions | law | tax authority | VAT compliance matters

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