24 Hrs
Source:
الوئام
Used auction cars and tax rules
The Zakat, Tax and Customs Authority clarified that used auction cars are subject to a 15% value-added tax, whether they are new or used, provided the seller is registered in the tax system. A special margin-based mechanism is applied to used cars, allowing eligible sellers to calculate the tax based on their profit margin rather than the full sale price. It is worth noting that the standard tax rate in Saudi Arabia is 15%, and it is applied to car sales through auctions in accordance with the specified terms and conditions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)