Version 3 | May 2026

(2) Article 1 of the Unified Agreement for VAT (3) Article 17 of the Implementing Regulations Taxable Supply: Supplies on which tax is imposed in accordance with the provisions of the Agreement, whether at the Standard Rate or at the Zero Rate, and for which the related Input Tax is deductible in accordance with the provisions of the Agreement((4)). Tax is chargeable on all supplies of goods or services, or both together, made by any taxable person in the Kingdom in the course of carrying on an economic activity, or on those received by any taxable person in the Kingdom in the course of carrying on an economic activity in cases where the Reverse Charge Mechanism applies, and on the import of Goods into the kingdom. ((5)). The term “Transferor” is not defined for VAT purposes. However, it will be used in this Guideline to refer to the person who transfers the entity through the sale of the entity’s assets or shares. The term “Transferee” is not defined for VAT purposes. However, it will be used in this Guideline to refer to the person to whom the entity is transferred through the sale of the entity’s assets or shares. The term “Transfer Date” is not defined for VAT purposes. However, it will be used in this Guideline to refer to the date on which the entity was transferred. Mandatory Registration Threshold: The minimum value of actual supplies at which a taxable person becomes obligated to register for tax purposes ((6)) Further information on Mandatory Registration is provided in Section 3.2 of this Guideline. The term “Deregistration” has not been defined for VAT purposes. However, the Unified Agreement for VAT outlines its cases as follows: 1. A taxable person registered for tax purposes must apply for deregistration under any of the following circumstances: a. If he ceases to carry on an economic activity. b. If he ceases to make taxable supplies. c. If the value of taxable supplies has fallen below the Voluntary Registration Threshold in accordance with Article 51 of this Agreement. (4) The Unified Agreement for VAT (5) Article 14 of the Implementing Regulations (6) Article 1 of the Unified Agreement for VAT