What are the difficulties and pain points of Saudi VAT?

Like the United Arab Emirates, Saudi Arabia began to collect value-added tax from 20 18 65438+ 10/month 1, and the tax rate was 5%. VAT refund is once a quarter, and once the sales amount reaches 40 million, VAT will be declared every month. Saudi Arabia requires financial representatives of overseas companies to register for Saudi VAT. The financial representative is jointly and severally liable with the overseas company, that is to say, if the overseas company does not pay VAT, the financial representative must pay it.

From July 18, 2065438, the Saudi government changed the VAT regulations, and overseas companies can set up bank guarantees for Saudi GAZT's estimated VAT in the fourth quarter.

Judging from the above two situations, it is difficult to find a reliable VAT registration agent in Saudi Arabia, mainly because:

The Saudi company is the guarantor holding 100% of the shares, which means that the actual company owner cannot completely control the company's business activities, and the value-added tax will not be paid into the bank account of the financial representative.

Most banks in China are unwilling to provide bank guarantees for China companies. Because customers don't have local bank accounts in Saudi Arabia, it is difficult to find a solution in Saudi banks.