Value Added Tax (VAT)

Value Added Tax (VAT)

Dear Customers,


We would like to inform you that the Value Added Tax (VAT) Law that stemmed from the Unified Agreement for VAT of the Gulf Cooperation Council, and which the Kingdom of Saudi Arabia finalized and approved its articulation into law in 2017 will go into effect as of Monday the first of January 2018.

To ensure compliance with the new regulations we updated our internal procedures, terms and conditions to reflect that compliance.

We furthermore would like to highlight a few key points as follows

  • All terms and conditions with Al Yusr Leasing and Financing will be updated to reflect compliance with the new VAT Law.

  • The company will commence collecting the VAT on behalf of the General Authority of Zakat (GAZT) as of the date the law goes into effect as mentioned above, and will impact all existing and new contracts.

  • Invoices issued by Al Yusr Leasing and Financing will be updated to reflect compliance with new VAT regulations.

For further information please check the list of frequently asked questions as has been explained to us by GAZT. You can also communicate with GAZT through their official communication channels listed below

GAZT Official Communication Channels

- Unified Call Center 19993

- Web site www.gazt.gov.sa

- eMail: info@gazt.gov.sa

- Twitter @GAZT_CARE


 

 

     
 
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