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Tax: UK/US/UAE/KSA/EU · Saudi Arabia Zakat, Tax & VAT · Card 044/053 easy

A Saudi-resident business's taxable supplies over the preceding 12 months total SAR 250,000 — above SAR 187,500 but below SAR 375,000. Under the Saudi VAT Law and its Implementing Regulations, what is this business's VAT registration position?

  1. It must register immediately, because SAR 187,500 is itself a second mandatory threshold that applies automatically once a business's supplies pass that figure
  2. It is not required to register, but it may apply for voluntary VAT registration, since its taxable supplies exceed the SAR 187,500 voluntary-registration threshold without yet reaching the SAR 375,000 mandatory threshold
  3. It must register only if the majority of its supplies are exports, since a domestic-only business is never permitted to register below the SAR 375,000 mandatory threshold
  4. It is barred from registering at all until its supplies exceed SAR 375,000, since ZATCA does not allow any business below the mandatory threshold to hold a VAT registration
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