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New skills. Related content Paying Taxes In-depth analysis on tax systems in economies The Paying Taxes study provides robust information which enables tax systems around the world to be benchmarked. All rights reserved. Must read. Based on the announcement, major changes are the following: The title of the invoice should refer to Profit Margin whether the invoice is standard or simplified The chassis number of the car should be included Indicate that the consideration is inclusive of VAT and imposed on the Profit Margin Guidelines on profit margin method for eligible used goods ZATCA has also published a guideline for the taxpayers that provides an overview on the application as well as key focus areas for using the profit margin method for eligible used goods used cars as follows: Conditions for applying the Profit Margin Method List of goods excluded from the application of the Profit Margin Method Tax invoicing requirements Should you have further questions or need assistance, please reach out to us through the contact persons mentioned in this alert.
