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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 EU VAT Taxpayers – includes those Polish taxpayers who obtained registration allowing to perform intra-community supply transactions and to use their NIP with the PL-prefix as their EU VAT number; not mandatory for VAT-exempt entities involved in intra-community supply transactions worth altogether less than 50000PLN in the given year ...
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 Saudi Authority for Industrial Cities and Technology Zones [2] (Arabic: الهيئة السعودية للمدن الصناعية ومناطق التقنية), also known simply as MODON (Arabic: مُدُن), is a government organization created by the Government of Saudi Arabia in 2001 through Ministerial Legislation No. 235 dated 27/8/1422H.
Panda Retail Company (Arabic: شركة بنده للتجزئة) is a Saudi Arabian grocery retailing company. Panda is one of The Savola Group 's subsidiaries. The Savola Group is ranked ninth amongst the top 100 companies in the Saudi Arabian market and ranked second amongst the industrial sector after SABIC .
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 ...
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]
The Saudi Contractors Authority (Arabic: الهيئة السعودية للمقاولين, romanized: al-Haīʾiah as-Saʿūdīyah Lilmuqāwilīn) is an organ of Saudi Arabia's Ministry of Commerce which is concerned with the country's construction sector. [1]