Tuesday 26 November 2024
 
»
 
»
Story

Saudi Arabian authority urges use of VAT app for shopping

RIYADH, May 17, 2018

The General Authority of Zakat and Tax (Gazt) in Saudi Arabia has urged consumers to use the VAT app when purchasing goods and services, ahead of the uptick in shopping activity during the holy month of Ramadan.

The use of the application during shopping will help Gazt verify businesses that are registered in VAT, and in turn assist in reporting cases of tax fraud, said a statement from the authority.

The application has been downloaded 1.4 million times to date through the Apple Store and Google Play, it said.

The application enables customers to easily verify a VAT-registered business by simply taking a photo of the QR Code on the VAT certificate, or entering the commercial registration or the 15-digit tax identification number on the invoice, it added.

The application also enables users to quickly calculate the VAT amount due on goods and services purchases, said a statement.

Gazt also reminded consumers to make sure they receive approved standard VAT invoices upon making purchases from a VAT-registered business, which must mention the tax amount, tax identification number, and which items are subject to the standard 5 per cent rate or are zero-rated.

Consumers may also raise inquiries or report fraud through Gazt’s hotline (19993) during Ramadan over two shifts, from 10:00 am to 5:00 pm and from 8:00 pm to 2:00 pm, seven days a week, it stated. – TradeArabia News Service




Tags: Saudi Arabia | | Shopping | authority |

More Industry, Logistics & Shipping Stories


Markets

calendarCalendar of Events

Partners

4580

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com