1. Legal Framework (Saudi VAT Law) Applicable w.e.f. 1st of Jan 2018
GCC Agreement (Finalized and published)
VAT Law (Final Law Published on July 28th 2017)
VAT Implementation Regulations (Regulations Published on Aug 26th 2017)
Tax Rulings (as required)
Legal Framework
(Saudi VAT Law)
Applicable w.e.f. 1st of Jan 2018

2. Value Added Tax (VAT) Model
(SAR VAT 40)
Manufacturer
(SAR VAT 45)
Distributor
(SAR VAT 50)
Retailer
Landed Cost SAR 1050
Consumer
SAR 40
SAR 5 (SAR 45 – SAR 40)
SAR 5 (SAR 50 – SAR 45)

3. Rates and Input Credit mechanism
Input Tax Deductible 5%
Standard Rate 0%
Supply of Medicine and Medical Equipment
Internal (Intra GCC) / International Transportation
Supplies of investment gold, silver, and platinum
Supplies outside the GCC Territory
Non Deductible
Exempt
Rent of residential real estate
Life insurances
Out of Scope
Capital markets activity
All margin-based financial products
Supply of residential real estate for own / close relative use

4. Domestic / Export and Import Transactions
Domestic Sales

5. VAT Periodical Compliance
Upto SAR 40MM
Above SAR 40MM
Filing frequency: Quarterly
First filing period: Jan – Mar 2018
First filing deadline: 30-April 2018
Filing frequency: Monthly
First filing period: Jan 2018
First filing deadline: 28-Feb 2018

6. Post Implementation Support
Action plan
Change Management
Impact Analysis
“As is” Study
Suggesting Tax Optimization Scenarios
Drawing Change Management Roadmap
Implementation
Registrations
Policy and SOPs
Team Training
System Integration support
Post Implementation Support
Day to day queries
Support for First 3 Returns
*5 to 15 man days
*10 to 35 man days
*5 to 15 man days
*Effort estimate for a mid-sized enterprise 50:50 offshore : onsite mix

7. VAT Impact Collaborative Approach Being Transactional in Nature
Supply Chain
Assess costing
Re-design Processes
Tax & Finance
Complete registration formalities
Plan for transition to new law
Plan for the change in cashflow
Design compliance calendars
Add relevant tax clauses in relevant agreements
Validate critical documentation and formats
IT Systems
Update VAT data in vendor / customer masters
Update Inventory masters with tax class and rates
Develop document formats for Invoices / debit note / credit notes
Design relevant statutory reports for GST filing and record keeping
Human Capital
Re-skill / recruit / outsource
Assess and change the division of responsibility with respect to VAT
Sales & Marketing
Collect Customer VAT Data
Restructure at existing contracts
VAT Impact
Being Transactional in Nature

8. Engagement Model GST Team Engagement Leadership Technical Partners
High level Technical Leadership
Project Team
Understand, IT support and Project Management
Technical Team
Domain support
Compliance Team
Registration and Filing Support

9. Why APMH? Tax Firm Since 1985 Thoughtful and Experienced Ecosystem
In-depth GST implementation experience for India
Committed point of contact for each client relationship
Full-fledged IT implementation Team
Trained Offshore Compliance Team
Specialized Tax Content Team
Tax Firm Since 1985
Thoughtful and
Experienced Ecosystem

10. Madhav Wagle CA Pranav Kapadia CA Mitesh Katira Partner Partner
Senior consultant
Profile Brief
Mitesh is a Chartered Accountant and a ISA qualified with specialisation lies in Business Advisory Services with more than 15 years of experience. Mitesh has been focusing on Internal Audits, Compliance Outsourcing and GST implementation. He has been helping corporate and Multinationals on GST Impact Analysis, Implementation and Compliance. Mitesh has been convenor for Information Technology Committee of the CTC i.e., Chamber of Tax Consultants. He is also a part of IT committee of the WIRC of ICAI. Mitesh has also been a Convenor of the Ghatkopar C A CPE Study Circle.
Specializations
VAT Implementation
VAT Transaction advisory
VAT compliance outsourcing
Corporate Training
Process Implementation
Education and Certifications
Chartered Accountant
DISA - ICAI
FAFP – ICAI
Certified trainer india GST by ICAI
Profile Brief
Pranav’s expertise lies in Advisory, Audit, Compliance, Litigation Matters on Value Added Tax (VAT), Central Sales Tax (CST), Profession Tax (PT) and Service Tax. Pranav has been consultant to large corporates with presence in Multiple States with complex structures in the Indirect Tax, especially VAT. Pranav lucidly deals in complex legal matters like Works Contracts (WCT), DDQ (Determination Disputed Question) now called Advance Ruling (AR), Assessments and Appeals related to VAT and Allied Tax Laws. He is the President of The Goods & Service Tax Practitioners Association (GSTPAM) of Maharashtra. Pranav is also part of the Indirect Tax Research Committee of the WIRC of ICAI.
Specializations
VAT Implementation
VAT Opinions
VAT legal representation
Transaction Support
Education and Certifications
Chartered Accountant
DISA - ICAI
Certified trainer for India GST by ICAI
Profile Brief
Madhav is senior GST consultant. Madhav has been handling clients with complex business models in GST compliance management. His vast experience in the indirect tax while working for 37 years in Color Chem which is now known as Clarinet mainly in excise, SCM and SAP is coming handy for consulting on the GST matters. Madhav has been handling corporate clients in and around Roha MIDC as well as Mumbai, with respect to GST consulting and compliance from APMH Roha office. Madhav has been studying and developing content for consulting VAT for corporates and multinationals in GCC region, mainly Saudi Arabia and UAE. 
Specializations
IT system advisory VAT
VAT compliance management
VAT process designing

11. Clientele spread across variety of Sectors & Ownership Structures…..
Trading and Distribution
Banking
SAAS
Logistics
Engineering
Manufacturing and Ancillaries
Construction and Real-estate
Hospitality
Broking
e-commerce
Multi-Nationals
VC / PE Funded
Family Owned
Startups
Small and Medium
Large

12. Questions ??? E-Mail : mitesh@apmh.in Mob : +91 9833777556
Web :