Store Operation Manual

Cosmetics

Stores that sell cosmetics and personal hygiene products at retail.

المحاسبة والإدارة المالية م

The Business Official Commercial Documents

When the capital exceeds one hundred thousand riyals, The employer must maintain official commercial documents that include at least the original journal, the inventory book, and the general ledger, accurately show the financial position of the merchant and his rights and obligations related to his activity.

Zakat Return

In specific financial periods, entities submit Zakat returns that include transaction pricing models. The requirements vary based on the type of return.

Electronic Invoicing

 As per the electronic invoicing regulations, employers must implement electronic invoicing and avoid issuing paper invoices since the Zakat, Tax and Customs Authority requires enterprises to exchange invoices electronically in an integrated and organized manner between seller and buyer.

Value-added Tax

A value-added tax return is submitted to the Zakat, Tax and Customs Authority, along with a statement of all taxable sales and purchases.

Excise Tax

Excise tax is applied to a group of products, such as energy drinks and tobacco products, and investors must be familiar with it as it varies depending on the product

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latest changed date 7 December 2024

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