RIYADH: Saudi Arabia's General Authority for Zakat and Income Tax (GAZT) will organize a workshop on tax at the Chamber of Commerce and Industry in Jeddah on Wednesday (11am), as part of its efforts to help enterprises register for Value Added Tax (VAT).
The workshop aims to define establishments whose annual revenues exceed SR375,000 ($100,000) and tackling ways of preparing and registering tax, understanding accounting systems, purchasing management, how to calculate VAT and submitting a tax return.
According to the VAT system and its executive regulations, enterprises with annual revenues exceeding SR375,000 must register before Dec. 20 2018.
Establishments with annual revenues between SR187,500 and SR375,000 have the option to register, while companies with annual revenues of SR187,500 are not required to register.
The first registration period, which ended on Dec 20 2017, was limited to facilities with annual revenues exceeding SR1 million.
The Zakat and Income Tax Authority confirmed that it will organize other workshops in the coming period to facilitate the compliance of enterprises subject to VAT requirements.
The authority also called on enterprises to visit the VAT.GOV.SA website, which provides a wide range of tools and information, including aspects of the registration process and readiness to apply the tax, as well as guidance materials.
The authority urged organizations that have VAT inquiries to contact them through the Call Center on (19993), via their official Twitter account @SaudiVAT, or via email [email protected].
Saudi Zakat authority organizes VAT workshop in Jeddah
Saudi Zakat authority organizes VAT workshop in Jeddah
Saudi wildlife center releases 140 wild animals into royal reserve
- This milestone reflects significant progress in the management and governance of wildlife across the Kingdom, supporting the goals of the Saudi Green Initiative and aligning with the objectives of Saudi Vision 2030
RIYADH: The National Center for Wildlife released 140 wild animals into the King Salman bin Abdulaziz Royal Reserve as part of ongoing programs to reintroduce endangered species. The initiatives aim to enhance ecological balance and restore biodiversity in natural habitats.
The release, carried out in cooperation with the King Salman bin Abdulaziz Royal Reserve Development Authority, included 30 Arabian oryx, 70 reem gazelles (sand gazelles), and 40 houbara bustards, the SPA reported on Thursday.
The initiative forms part of efforts to reintroduce species to their natural habitats and establish stable, self-sustaining wildlife populations capable of breeding, contributing to improved ecosystem functioning and sustainability.
The NCW continues to implement its strategic plans for wildlife development, with the total number of animals reintroduced through its specialized programs now exceeding 10,000.
This milestone reflects significant progress in the management and governance of wildlife across the Kingdom, supporting the goals of the Saudi Green Initiative and aligning with the objectives of Saudi Vision 2030.
