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.