
Tax Consultancy
Tax & VAT Registration Services:
• Advise upon the required procedure to obtain TAX & VAT registration in ZATCA portal.
• Advise the company to determine and prepare the required data and documents for ZATCA.
• Submit the required documents and data on ZATCA portal, on behalf of the company and inform if any other requirements are needed.
• Keep the company informed of all the developments which might affect you Zakat & Tax position.
VAT Monthly/Quarterly Filing:
• Advise you (Monthly /Quarterly) on VAT online return filing thorough ZATCA portal account.
• Preparing the (Monthly /Quarterly) MS Excel return file by the figures taken from the company.
• Review the VAT data received with the trial balance and advise the company of differences.
• Limited audit of samples of VAT output and input invoices and transactions.
• Advise and work closely with your accounting department to prepare and filing of the VAT return.
• Review and file the online approved VAT return on your behalf through the ZATCA portal.
• Review, assist, and advise in submission of additional ZATCA’s VAT queries, if any, on your behalf.
WHT Monthly/Annual Filing:
• Advise you (Monthly) on WHT online return filing thorough your ZATCA portal account.
• Advise and work closely with your accounting department to prepare and filing of the monthly WHT return.
• Review and file the online WHT return on your behalf through the ZATCA portal.
• Update the company of the applicable KSA double tax avoidance treaties (“DTT”) and notify the company of any DTT that can be applied.
• Reconciliation, preparation, and submission of the Annual Withholding tax form.
Annual Zakat & Corporate Income Tax Services (up to SAR 1 million Revenue):
• Review, advise, and filling of Income Tax return (to Zakat Tax & Customs Authority - ZATCA).
• Assistance in compiling the schedules to be submitted along with the tax return. This would include liaising with your staff and assisting in the preparation of the filing package.
• Review and advise the amount of Income Tax due and inform you of the date(s) of payment and current filing requirements of the ZATCA.
• Review and submit Income Tax return on your behalf , to the ZATCA as prepared by you based on our advice.
Tax Retainership:
· Advise on queries that may be raised by the Company on direct and indirect tax & zakat related matters, whether such matters related to KSA taxation, through call and email.
· Our advisory will cover maximum 15 queries every month.
· Opinion required on letterhead shall be charged separately and discussed on case to case basis.
· Meeting Visit required by senior management will be charged separately.
· Any visit required outside KSA, expenses shall be borne by your company and would be charged as out of pocket.
Tax & Zakat Advisory Services
Application of Double Taxation Treaty Implementation upon WHT:
· Clarify the legal and procedural bases to apply DTT.
· Review the agreement to identify the nature of service and the supporting documents required.
· Determining reduced WHT rate under DTT convention, based on the category of the service.
· Drafting authorization letter to represent the company with Zakat and Tax & Custom Authority (“ZATCA”).
· On behalf of the company, submit the needed documents to the ZATCA, and follow up with the ZATCA for any needed clarifications and explanations.
· Inform the company of any additional documents required by the authority.
ZATCA Additional Requirement Assistance:
· Assist in preparation of the needed additional data and documents requested by ZATCA for Additional requirement.
· Providing format on which data requested by ZATCA.
· Review for the needed explanations for the ZATCA requirements.
· On behalf of the company file the needed requirements to ZATCA within statutory period.
· Follow up with ZATCA about needed clarifications.
· In case of additional assessments will be issued by the ZATCA, it will be treated and charged separately.
Updating ZATCA Account Information:
· Advise you of the requirements to update the ZATCA account.
· Review the provided information and compare the shareholder percentage with the legal document.
· Submit the documents on your behalf to ZATCA and follow up with the authority to update the ZATCA portal.