Introducing Amazon Markeplace Growth

H= ello Balubaid Automotive,
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=09=09=09=09=09=09=09=09=09Important: Information on t= his page does not constitute tax, legal, or other professional advice and m= ust not be used as such. You should consult your professional advisor if yo= u have any questions.
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=09=09=09=09=09=09=09=09=09What is VAT?
=09=09=09=09=09=09=09=09=09Value Added Tax, or abbreviated to =E2=80=9CVAT= =E2=80=9D, is an indirect tax that applies to sales and purchases i.e. it i= s a transaction based tax. VAT operates at each level of the supply chain f= rom producer, manufacturer, wholesaler and retailer; this ultimately ensure= s that VAT is accounted for at each stage of the supply chain until it fina= lly rests with the end user.
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=09=09=09=09=09=09=09=09=09VAT Rates may vary depending on the country in w= hich goods and services are being supplied and consumed. The general rate o= f VAT applicable to most supplies of goods and services supplied in the KSA= is 15%. You can get more information from tax authority=E2=80=99s website = by clicking on this link.
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=09=09=09=09=09=09=09=09=09As a non-resident of KSA, do I need to r= egister for VAT?
=09=09=09=09=09=09=09=09=09Yes. If you are a non-KSA resident supplying goo= ds to KSA customers locally through Amazon=E2=80=99s FBA channel, then you = will be required to register for VAT, irrespective of the level of turnover= from such sales. All international FBA sellers selling goods from the KSA = shall be subject to a NIL VAT registration threshold. VAT registration will= be effective from the date on which you started making sales in the KSA.&n= bsp;
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=09=09=09=09=09=09=09=09=09Remember: It=E2=80=99s the responsibility of eac= h Amazon Marketplace seller to ensure that they are VAT-compliant. You shou= ld seek professional advice if you are unsure of your obligations under VAT= Laws.
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=09=09=09=09=09=09=09=09=09How can I apply for VAT registration and= obtain a KSA VAT registration number?
=09=09=09=09=09=09=09=09=09In the KSA, you can follow the registration guidelines listed in the tax authority=E2=80=99s webs= ite. The application for registration should be made within 30 days of = the first taxable sale made to customers in KSA (for KSA resident sellers, = it is 30 days from the end of the month in which the mandatory registration= threshold exceeds). Registering for KSA VAT may lead to a number of associ= ated compliance requirements, including the requirement to file returns and= to issue valid KSA Tax Invoices to your customers. Consult your tax adviso= r for more information.
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=09=09=09=09=09=09=09=09=09How can I update my VAT number in Seller= Central?
=09=09=09=09=09=09=09=09=09You can enter your information relating to your = VAT registration in your Selling Central account by visiting the Tax Reg= istration Numbers page in your Seller Central Account.
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=09=09=09=09=09=09=09=09=09How does VAT impact the price of my prod= uct?
=09=09=09=09=09=09=09=09=09As per the KSA VAT rules, all prices published o= n the Amazon.sa website must include the amount of any applicable VAT charg= eable on sales made by you. In order to charge VAT to the customers you mus= t first be registered for VAT with the tax authorities in KSA. Once you are= VAT registered, you would be required to comply with the VAT rules and reg= ulations of KSA which involves accounting for VAT on all taxable transactio= ns, issuing tax invoices indicating the VAT charged on the supply of goods,= filing VAT returns and remitting the VAT collected to the tax authorities.= We advise you to please consult your tax advisor for specific advice= regarding invoicing and other compliance requirements in KSA.
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=09=09=09=09=09=09=09=09=09Note: You should check VAT repo= rting and invoicing requirements in each country in which you are registere= d or required to register. Although these requirements are similar there ca= n be notable differences. You should consult your tax advisor for assistanc= e with understanding your compliance obligations.
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=09=09=09=09=09=09=09=09=09Where can I find more details about VAT?=
=09=09=09=09=09=09=09=09=09For more information, please visit this webp= age. =E2=80=8B=E2=80=8B=E2=80=8B=E2=80=8B