VAT On Closing Stock

Dear All,

Please help me out regarding new VAT law in saudi..

Let me know the treatment of closing stock as at 31/12/2017

Whether 5% is chargeable on those products ( for which no input tax were paid)?

Plz answer those who are knowledgeable

New topic

Moving to Saudi Arabia

Find tips from professionals about moving to Saudi Arabia

Travel insurance in Saudi Arabia

Enjoy stress-free travel to Saudi Arabia