Learn about the Value Added Tax Specialist Exam 2023 in Saudi Arabia. We will clarify all the important points in the value-added tax specialist test.
What is a value-added tax certificate, how to become a tax specialist,
the training package for the value-added tax specialist test, registration, test dates, the benefit of the certificate,
and the salary of a value-added tax specialist will be the most important points in our article today.
The concept of value added tax
Value Added Tax (VAT) is a tax imposed incrementally based on the increase in
the value of a product or service at each stage of production or distribution.
VAT mainly offsets the common services and infrastructure provided in a particular area by a country and funded by its
taxpayers that were used in the preparation of that product or service.
Not all regions require the imposition of VAT and goods and services may be exempt for export (duty-free).
VAT is usually applied as a destination-based tax where the tax rate is based on the location of the consumer and is applied to the selling price.
Confusingly, the terms value-added tax, goods and services tax, consumption tax, and sales tax are sometimes used interchangeably.
The value-added tax raises about a fifth of all tax revenues globally and among OECD members.
As of 2018, 166 of the world’s 193 countries use VAT, including all OECD members except the United States, which uses the sales tax system instead.
Learn about the VAT specialist test 2023
The Kingdom of Saudi Arabia has adopted a unified test for all value-added tax specialists,
to measure a set of skills and knowledge they have, with the aim of reaching the certificate that gives them permission to practice their own work.
Here we will learn about the details of the value-added tax specialist test for the year 1445/1446 AH.
If you need free advice or advice, we guarantee you the best financial advice in the CFOONLINE office,
the approved financial office in the Kingdom of Saudi Arabia.
We offer financial accounting courses for non-accountants and others. To contact us, you should visit :CFOONLINE HOME PAGE .
Register for the Value Added Tax Specialist Exam 2023
First, you must know who can register, as each of the following can register for the test:
- Diploma holder.
- A qualification higher than a diploma in one of the specializations of the faculties of administrative sciences.
- Provided that the applicant’s academic record includes at least 6 accounting hours.
- To fulfill the accounting hours in the ways approved by the General Secretariat.
- In addition to the requirement that they attend the preparatory training program provided by the Authority.
Related articles : The most important differences between books and accounting records.
General rules for the VAT specialist test
There are a set of rules for the VAT specialist test, which are:
- Adding the Authority’s fellowship certificate and the accounting certificate to the accepted professional certificates for examination.
- Adding the topic of real estate disposal tax to the list of test topics.
- Allowing the test to be postponed for two consecutive periods.
- Increasing the time allotted for the test, so that it is 150 minutes long.
You may also be interested: Information about accounting majors in Saudi Arabia .
How much is the fee for applying for a value-added tax test in Saudi Arabia?
The fees for applying for the value-added specialist test in Saudi Arabia are:
1050 thousand and fifty Saudi riyals when applying for the first time, and he must have attended the training program for the value-added tax specialist.
While the fees for applying for the test for the first time without attending the training course are set at a fee of 4,200 Saudi riyals,
and these fees include the applicant obtaining the training program bag for the value-added tax specialist.
In the event that the test is repeated only twice, a re-test fee of 525 Saudi riyals will be paid.
The package of the training program for the value-added tax specialist was mentioned, so what is it?
Training bag for the value-added tax specialist test
The training package for the value-added tax specialist test is the most important reference for the value-added tax specialist.
It is obtained immediately after paying the registration fee for the test because the test fee includes the applicant obtaining the
bag as described in the general rules of the certificate.
The bag includes two parts:
- The first is related to tax accounting.
- The second part is related to the tax systems in the Kingdom of Saudi Arabia.
How much time do we need to prepare for the VAT specialist exam?
As for the time required to prepare for the VAT specialist exam, a three-day preparatory course may be held by the Authority,
but some points remain unclear after the course.
In our CFOONLINE office, we offer you free consultations and many services by financial professionals with years of experience in the field of accounting.
Request to apply for the value-added tax specialist test
Registration for the value-added tax specialist test is carried out with ease by applying for it,
through the website designated for registration in the dates announced for opening the door for admission and registration,
by following the following instructions:
- Go directly to the electronic link designated to register for the value-added tax specialist test
- Click on the “Request to Apply for the Value Added Tax Specialist Exam” tab.
- Read the instructions and conditions for submitting the application.
- Insert all the required data, each in the space provided for that.
- Pay the test registration fee.
- Attach all documents required to apply for the test.
- Finally, click on the “Submit” icon.
Value Added Tax Specialist Exam Questions
In order to pass the value-added tax specialist test, test takers must practice the nature of the questions they will be tested with.
That is why many experimental questions and tests are available that target everyone who wishes to apply for this test,
and you can practice on these questions and use them to pass the test. You can obtain them from the link: click here.
English value added tax specialist
For those wishing to know the meaning of Value Added Tax Specialist in English,
we will work on a similar article in English to Value Added Tax Specialist.
Read also: Financial accounting, its principles and functions.
VAT Specialist Exam Dates 2023
Exam dates for the new 1445 Hijri year have not been set yet, and the date is often after 1/20 for the first exam.
This article will be updated when the first exam date for this year is confirmed.
The benefit of a value added tax specialist certificate
One of the important topics that most accountants want to know is the benefit of a value-added tax specialist certificate.
This field is very wonderful and the need is great in Saudi Arabia. We at the CFOONLINE office have many value-added tax specialists.
The value-added tax specialist certificate has become very important in companies, institutions, banks, shops, and small grocery stores.
There will be a need for people working in tax returns, people working in tax accounting, and many other jobs.
This is a new job opportunity, and this certificate,
which is obtained through the Organization of Chartered Accountants, opened wide job horizons for many young men and women in the accounting field.
It is also possible to work through consulting offices, and the field is now open to all,
so that the Secretary General of the Organization of Certified Public Accountants indicated the amount of opportunities available
and the great desire to employ millions in the market, and the private sector needs specialization in a large way.
Value added tax specialist salary
A person working as a value-added tax specialist in Saudi Arabia typically earns
around 22,100 SAR per month (the monthly average). Salaries range from 11,700 SAR (minimum) to 33,600 SAR (maximum).
The shown salary includes work benefits such as housing and transportation. The salary depends largely on the person’s experience and other factors.
Value added tax specialist book
Khaled Al-Fahd’s book Value Added Tax PDF, you can get it from the link: click here.
Guidelines for value added tax
The guide for the value-added tax specialist, we will present to you in the form of: . pdf file
What is Socpa?
The SOCPA certificate, which the Saudi Organization for Certified Public Accountants is working to grant,
is known as the Saudi Organization for Certified Public Accountants.
It is a certificate that provides candidates with the necessary financial and accounting knowledge,
while ensuring their commitment and observance of professional and ethical standards.
It is a certificate that aims to develop and support individuals,
communities and organizations in order to conduct business that achieves long-term economic value.
The Saudi Organization for Certified Public Accountants (SOCPA) certificate aims to give its holders the ability to review accounting standards, develop and review them,
as well as adopt auditing standards.
It also organizes continuing education programs and conducts research studies covering accounting and auditing topics.
Other related articles: Ready-made financial statement templates.
A copy showing the format of the value-added specialist certificate
The importance of a SOCPA certificate for the job
The accounting profession is one of the most important practical professions related to the various sectors,
and the importance of the accounting sector is evident through the information it provides, which shows the financial status of organizations.
As a result, it is important for accountants to obtain a SCOAP certificate, as it will provide its holder with many opportunities.
Whereas, the Banking and Insurance Regulatory Authority requires all Saudi banks and insurance companies present in
the Saudi financial markets to publish their financial statements
so that they comply with the International Financial Reporting Standards.
All other companies located in the Kingdom of Saudi Arabia must comply with generally accepted accounting standards issued by the Saudi Organization for Certified Public Accountants (SOCPA).
And which worked on developing a transitional project that has been in operation since 2016, which requires entities located in the Kingdom of Saudi Arabia
to work on using national standards closely with international standards necessary for preparing financial reports.
This is done by removing some options and adding others,
such as issues that are not covered by the international standards required for preparing financial reports,
as they are related to the Kingdom of Saudi Arabia for religious reasons.
Therefore, it has become important to obtain the Saudi Organization for Certified Public Accountants (SOCPA) certificate for the job,
as all jobs have become linked to it.
What is a value added tax certificate?
This article explains everything related to the value-added tax certificate, which is a certificate that is obtained after registration,
attending a two-week training course, paying a registration fee of a certain amount,
and then taking an exam to obtain a value-added tax specialist certificate.
The explanation about getting to know the value-added tax specialist exam 2023 has been completed and
we have mentioned all the points of interest to you to obtain this certificate.
Therefore, it has become necessary to obtain a certificate of value-added tax specialist in the Kingdom of Saudi Arabia.
Sources: en.wikipedia.org.