Saudi Arabia VAT Rate and Customs Duty Changes | Page 11
Advance invoice issued for services from 1 January 2020 until 31 December 2020 .
IMPACT – TRANSITIONAL ISSUES
Example
Advance invoice issued for services from 1 January 2020 until 31 December 2020 .
Invoice 1 Jan 2020
1 July 2020
Service terminates 31 December 2020
• VAT ( 5 %) was collected when the invoice was issued .
• No additional VAT – as the invoice was raised before 11 May 2020
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