comparative Tax Analysis: Value Added Tax in the Kingdom of Saudi Arabia with Australia and India

Abstract

Value Added Tax (VAT) is a new tax in the Kingdom of Saudi Arabia (KSA) and other Gulf Countries (i.e., the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman) that focuses on the supplies that are purchased and sold by businesses and individuals. Because the VAT is a new tax, there are many issues that have arisen and/or will arise regarding its underlying rules within laws, regulations, and other mandates. In this case, it is crucial to study other tax mandates, like that of the VAT, from different countries, such as Australia and India, as well as looking intrinsically, to ensure that the KSA’s government and its legislators are able to create and/or update these rules related to the VAT. In this dissertation, the KSA’s Value Added Tax has been studied and compared with Australia’s A New Tax System Goods and Services Tax Act and India’s The Central Goods and Services Tax Act. There are similarities and differences between these mandates, so comparing and contrasting the Saudi Arabian law and regulation with these mandates and revisiting the KSA’s items with the study’s provided recommendations will propose a better plan for updated mandates in the KSA. Like that of other laws in the KSA and other countries, governmental bodies always update laws and regulations due to surrounding changes that have been happening since their establishments. This dissertation will help the KSA’s government to update the VAT law and regulation for a more prominent and promising future.