VAT ALERT
ZATCA has published a comprehensive VAT guideline explaining the provisions newly added to article 47 of the VAT regulations with respect to the deemed suppliers in the online marketplaces.
The guideline aims to clarify the VAT treatment/provision related to E-Commerce (online market place) according to Article 9 of the VAT law and Article 47 of the VAT Regulation.
The guideline provided several provisions, Most importantly:
- Determination of the online market place, annual supplier and supply facilitation.
- Determination of specific scenario of online market place operation with the VAT treatment for each scenario.
- Exceptions of market place that bring facilitating supplies.
- The VAT responsibilities and obligations due on online market place in each scenario (issue invoice, return submission, and book keeping).
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