Independent Persons
(In Arabic: اشخاص مستقلون) Persons that are not related persons or persons under common control.
قاعدة المعرفة
Indirect Taxes
(In Arabic: ضرائب غير مباشرة) Taxes that a customer bears and are imposed through an intermediary so that he is responsible for collecting them and supplying them to the Tax Authority, such as value-added tax and excise goods tax.
Information Submission Period
(In Arabic: مدة تقديم المعلومات) Is the period of 20 days during which an Applicant must provide supplemental or additional information requested by Zakat, Tax, and Customs Authority in order to process a Ruling Request.
Initial Input Tax Deduction
(In Arabic: خصم مبدئي لضريبة المدخلات) The deduction of Input Tax made by a Taxable Person upon the purchase of a Capital Asset, calculated by applying the Initial Recovery Percentage to the total Input Tax incurred on that Capital Asset.
Input Tax
(In Arabic: ضريبة المدخلات) The tax borne by a Taxable Person in relation to goods or services supplied to him or imported for the purpose of carrying on an economic activity. It includes the supplies or imports made only in KSA as per KSA VAT Law.
Intangible Asset
(In Arabic: اصول غير محسوسة) An identifiable non-monetary (Capital Assets) without physical substance.
Invoice Accounting Basis
(In Arabic: محاسبة على أساس الفاتورة) The primary method for calculating and declaring value-added tax is based on the date on which each supply occurred.