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From 1 January 2020, the valid VAT number of the customer is a material requirement to be able to apply the zero VAT rate for intra-Community supplies of goods in the EU. If the customer’s VAT number is not valid, 0% VAT rate cannot be applied. Companies must make sure that the VAT numbers of their customers are checked. [4]
List of VAT Taxpayers (so-called VAT white list) (in Polish) [150] – list of registered, unregistered and deleted entities and restored to the VAT register (VAT status check by NIP); List of EU VAT Taxpayers – includes those Polish taxpayers who obtained registration allowing to perform intra-community supply transactions and to use their ...
Location of Saudi Arabia. Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry.
The SAGIA played a key role in Saudi Arabia's Vision 2030 initiative, which focused on economic liberalization, foreign direct investment, and economic development. [7] In 2017, SAGIA launched Tayseer program, aimed at improving the investment climate for private companies. [8] SAGIA has signed a number of major non-oil investment agreements. [7]
The Ministry of Commerce (MC; Arabic: وزارة التجارة) is a cabinet-level government ministry of Saudi Arabia responsible for both commerce and investment sectors in the kingdom. [1] Its responsibilities include the development and implementation of policies and mechanisms that govern the sectors of commerce and Investment. [ 1 ]
Government of Saudi Arabia: Headquarters: Ministry of Interior building, Al Olaya, Riyadh 11543, Saudi Arabia: Motto: A homeland we don't protect, we don't deserve to live in: Employees: 5000 [1] Agency executive
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.
The VAT Information Exchange System (VIES) is an electronic means of transmitting information relating to VAT registration (i.e., validity of VAT numbers) of companies registered in the European Union. EU law requires that, where goods or services are procured within the EU by a VAT taxpayer, VAT must be paid only in the member state where the ...