VATAX Compass

1 / 5

Assessment stage

Registration

Question 1 — Q1.1

Do you carry out business activities regularly?

Yes No

Question 2 — Q1.2

Have your taxable revenues exceeded the mandatory registration threshold (SAR 375,000) during the last 12 months?

Yes No Not sure

Question 3 — Q1.3

Are you currently registered for VAT?

Yes No

2 / 5

Assessment stage

Tax Invoices

Question 1 — Q2.1

Do you issue electronic invoices according to e-invoicing requirements?

Yes No Sometimes

Question 2 — Q2.2

Do your invoices include all mandatory elements?

Always Sometimes No

Question 3 — Q2.3

Are credit/debit notes issued within the regulatory timeframe?

Yes No Sometimes

Question 4 — Q2.4

Is VAT calculated according to the correct tax point (the earliest of invoice issuance, supply, or receiving consideration)?

Yes No Not sure

Question 5 — Q2.5

Is there a difference between accounting revenue in the trial balance or financial statements and revenue declared in VAT returns?

Yes No Not sure

Question 6 — Q2.6

What VAT rate applies to your business supplies?

15% 0% Exempt Mixed

Question 7 — Q2.7

Are invoices issued for all sales without exception?

Yes No Sometimes

3 / 5

Assessment stage

Filings & Compliance

Question 1 — Q3.1

Are VAT returns filed on time?

Always Sometimes No

Question 2 — Q3.2

Have penalties been imposed because of late filing, late payment, errors, self-correction, or authority assessment?

Yes No

4 / 5

Assessment stage

Input VAT

Question 1 — Q4.1

Do you claim input VAT only when a valid tax invoice is available?

Yes No Not sure

Question 2 — Q4.2

Is input VAT deducted on personal expenses or non-business expenses?

Yes No Not sure

Question 3 — Q4.3

Do you deduct input VAT related to buying/leasing personal-use vehicles or related maintenance, fuel, and insurance expenses?

Yes No Not sure

Question 4 — Q4.4

Is input VAT deducted for old invoices (more than 5 years old)?

Yes No Not sure

Question 5 — Q4.5

Is input VAT deducted for invoices dated after the current tax period?

Yes No Not sure

Question 6 — Q4.6

Is VAT related to food and beverage expenses deducted?

Yes No Not sure

5 / 5

Assessment stage

Audit Readiness

Question 1 — Q5.1

Do you have an integrated accounting system or ERP?

Yes No

Question 2 — Q5.2

Was a tax review performed by a tax specialist during the last 12 months?

Yes No

VATAX Compass VAT Risk Assessment

Start the Risk Assessment Step by Step

Registration

Do you carry out business activities regularly?

Have your taxable revenues exceeded the mandatory registration threshold (SAR 375,000) during the last 12 months?

Are you currently registered for VAT?

Tax Invoices

Do you issue electronic invoices according to e-invoicing requirements?

Do your invoices include all mandatory elements?

Are credit/debit notes issued within the regulatory timeframe?

Is VAT calculated according to the correct tax point (the earliest of invoice issuance, supply, or receiving consideration)?

Is there a difference between accounting revenue in the trial balance or financial statements and revenue declared in VAT returns?

What VAT rate applies to your business supplies?

Are invoices issued for all sales without exception?

Filings & Compliance

Are VAT returns filed on time?

Have penalties been imposed because of late filing, late payment, errors, self-correction, or authority assessment?

Input VAT

Do you claim input VAT only when a valid tax invoice is available?

Is input VAT deducted on personal expenses or non-business expenses?

Do you deduct input VAT related to buying/leasing personal-use vehicles or related maintenance, fuel, and insurance expenses?

Is input VAT deducted for old invoices (more than 5 years old)?

Is input VAT deducted for invoices dated after the current tax period?

Is VAT related to food and beverage expenses deducted?

Audit Readiness

Do you have an integrated accounting system or ERP?

Was a tax review performed by a tax specialist during the last 12 months?

Start with a clear step through VATAX