The Circular on the VAT Reverse Charge Mechanism (RCM) is issued by the Zakat, Tax and Customs Authority (“ZATCA”).
The guideline elaborates on the application of the RCM and specifically addresses the following:
- Cases where the RCM is applied
- Tax due date
- Reporting the tax calculated in accordance with RCM
- Input tax deduction
The Circular can be downloaded from here: