ZATCA have recently introduced the “Tax Ruling” service, which is designed to assist taxpayers and concerned parties in understanding and applying various tax regulations. This initiative allows individuals and organizations engaged in economic activities and commercial transactions, whether within or outside the Kingdom, to submit requests for tax rulings. Following are the key highlights of the guidelines issued-
- Taxpayers can easily apply for Tax Ruling concerning any type of tax (e.g., VAT, Excise Tax, RETT, CIT, Withholding Tax).
- Any natural or legal person, whether or not they are registered with ZATCA, may request a Tax Ruling as long as they meet the criteria of requesting Tax Rulings outlined by the Authority.