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Saudi Arabia 4,700 VAT violations

  • VAT
  • 23 April 2018 | Richard Asquith

Saudi Arabia 4,700 VAT violations

Following the 1 January 2018 launch of 5% VAT in Saudi Arabia, over 4,700 violations have been found from 12,578 audits of businesses.

The figures come from the General Authority of Zakat and Tax (GAZT). Sectors targeted included retail malls, consumer electronics, pharmacies and gold stores. Most of the non-compliance errors were failure to VAT register for the launch of the new indirect tax.  The remainder included not issuing VAT invoices or overcharging on the 5% VAT rate.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.