Term
Value added tax (VAT)
A 15% consumption tax the seller collects and remits to the authority; registration is mandatory once taxable supplies pass SAR 375,000 in a year.
Also called: VAT registration
How we do it at Tamm
15% is added to our fees and you receive a tax invoice for them. The VAT on your sale to your customer is invoiced from your platform in your name, and we have no part in it.