Riyadh-- The Zakat, Tax and Customs Authority (ZATCA) held an awareness workshop for Japanese companies working in the Kingdom of Saudi Arabia that are subject to the applicable tax regulations.
The workshop, which was held at the authority's headquarters, addressed the role of the designated manager in supporting taxpayers by following up and processing their cases, in addition to his role in promoting awareness of the procedures and initiatives provided by the authority.
The workshop was attended by the Japanese Ambassador to the Kingdom, Fumio Iwai and ZATCA Vice Governor for Operations Abdullah Al-Sadhan
During the workshop, ZATCA reviewed the transaction pricing system in the Kingdom and the mechanism for submitting documents related to the system, in addition to discussing the procedures for cases of examination, objections, and settlement from the date of initiating the case until its closure, as well as the collection procedures and the submission of explanatory decisions with a statement of the rights of taxpayers in this regard.
The awareness workshop also highlighted the authority's initiatives toward facilitating cross-border trade, which are based on the importance of ensuring the speed and flexibility of customs procedures for clearing imports and all associated logistics services. The workshop also touched on the definition of electronic invoicing, and the basic requirements for its issuance.
The authority’s holding of awareness and introductory workshops comes within the framework of its efforts towards educating taxpayers from the business sector who are subject to tax regulations, and the authority’s efforts to facilitate cross-border trade through its initiatives adopted at all customs ports. ZATCA has conducted more than 250 workshops since the beginning of 2021, targeting all categories related to its business from various commercial sectors.
Source: Saudi Press Agency