Wafeq Accounting Partners
VAT Return Services in Riyadh
Platinum Partner
Mizan Accounting | ميزان للخدمات المحاسبية
Mizan is a specialized accounting firm offering remote accounting services. Mizan provides comprehensive solutions for managing the financial accounts of businesses, allowing business owners to focus on growing their businesses instead of dealing with financial details. Mizan's services include financial reporting, managing accounts payable and receivable, bank reconciliations, and ensuring compliance with tax and financial regulations. With a team of professional accountants and modern technology, Mizan guarantees high accuracy and efficiency in all its accounting services.
Platinum Partner
Quanta | كوانتا
Quanta Consulting was established through an elite group of experts to provide advanced accounting services
Platinum Partner
CLA Saudi Arabia شركة سي ال ايه للاستشارات المهنية
It is a global network of member firms connected through a unified membership structure, offering consulting services in accounting, auditing, taxation, and advisory. The network supports companies and institutions in navigating the challenges and complexities of both global and local business environments, enabling them to capitalize on opportunities in capital markets, overcome obstacles, and enhance their performance. The network traces its roots back to 1953, when its first firm was established in the United States, giving it a professional legacy of more than seventy years of expertise and leadership in delivering high-quality financial, accounting, and consulting services. The network serves as an international platform for professional excellence and global integration, bringing together a select group of highly competent independent firms across multiple countries to provide comprehensive professional services grounded in deep knowledge and international standards. "
Gold Partner
Mohasby
Mohasby helps medium-sized and growth-stage companies hire remote accountants and financial managers to prepare financial statements, periodic reports, and tax filings, as well as hire remote consultants to provide accounting advice for investment and funding rounds.
Gold Partner
Naser Al-Kanhal - Keep Company For Accounting Consultancy
We are an accounting and tax consultancy firm offering bookkeeping services, accounting supervision, and preparation and submission of tax returns for businesses.
Gold Partner
Wail Khalid Abonar Company | شركة وائل خالد ابونار للاستشارات المهنية
Specialists, licensed and pioneers in providing zakat, tax, administrative and financial services, solutions and consultations. We strive to meet our clients’ needs efficiently and effectively by adhering to the highest professional standards to minimize risks and provide sustainable and integrated solutions for all sectors throughout the Kingdom of Saudi Arabia."
Gold Partner
قوائم محاسب Qawaem Mohasib
Everything your business needs financially and accounting-wise in one package: Preparation of financial statements - Customized financial reports - Preparation and submission of tax and Zakat returns - Filing financial statements via the Qawaem Platform (Ministry of Commerce) - Direct support from 3 expert accountants through a dedicated WhatsApp group throughout the day - Organized electronic archiving of all your financial documents. #YourSmartAccountingOffice
Gold Partner
Focus Business services
A business incubator that provides bookkeeping services, tax filings, bank reconciliations, payroll processing, company formation for both local and foreign entities, as well as HR services.
Gold Partner
شركة قويم للاستشارات المهنية - Qawim for professional consulting
Providing consulting in the Financial, Accounting and administrative fields for various sectors
Gold Partner
شركة دقة المحاسبة
We specialize in preparing financial statements, handling tax resolutions, establishing companies, maintaining accounting records, and all aspects related to corporate and institutional management.
Bronze Partner
Crowneagle company for consultation
Crowneagle Consultant Company provides professional remote accounting and consulting services for Chinese enterprises, with full support in both Chinese and English. We specialize in financial system setup and offer end-to-end management from bookkeeping to financial reporting and tax filing. Crowneagle Consultant Company 为中国企业提供专业的远程会计与咨询服务（中文/英文双语服务）。我们专注于财务系统搭建，提供从簿记到财务报告及税务申报的全流程管理。
Bronze Partner
Statix Professional Consulting
Statix — Integrated management, no complexity… Organized books, accurate filings, reliable audit, legal support, and complete HR services
Bronze Partner
Jadwa for Accounting and Financial Services
Jadwa helps startups and SMEs simplify their Accounting & VAT Returns, clear reports, and full compliance with regulations—so they can focus on growing their business.
Bronze Partner
Khalid Al-Omari Zakat & Tax Consulting Company
We provide accounting, tax, and Zakat consulting services.
Bronze Partner
Mohammed Hussain Al Yaseen Zakat and Tax Services Office
Mohammed Hussain Al Yaseen Zakat and Tax Services Office
Bronze Partner
شركة فوليكس | Fullix
specialized accounting firm offering accounting services. provides comprehensive solutions for managing the financial accounts of businesses, allowing business owners to focus on growing their businesses instead of dealing with financial details. services include financial reporting, managing accounts payable and receivable, bank reconciliations, and ensuring compliance with tax and financial regulations. With a team of professional accountants and modern technology, guarantees high accuracy and efficiency in all its accounting services.
Bronze Partner
َQimat Al Atrkeez | مؤسسة قمة التركيز لخدمات الاعمال
Bronze Partner
ALSAIF CPA
AlSAIF CPA boasts a team of experts with diverse accounting and financial expertise, gained from working at globally renowned firms such as KPMG, BDO, MOORE, RÖDL, and Prime Global.
Bronze Partner
شركة سليمان القهيدان محاسبون ومراجعون قانونيون Sulaiman AlQuhidan CPAs & Advisors
Sq Co. has distinguished and comprehensive practical experience in external & internal auditing, accounting & bookkeeping, governance, risk and compliance, Finance & strategic & management consultancy, zakat, taxes
Bronze Partner
TAXORY Company
A company providing Value Added Tax (VAT) services.
Bronze Partner
Accounts Quality Company for Financial Consulting
Accounts Quality Financial Consulting Co. A specialized firm providing bookkeeping and financial management services for small and medium-sized enterprises. We organize financial operations, prepare reports, and analyze financial performance in compliance with Saudi accounting standards, ensuring accuracy and efficiency.
Bronze Partner
Audiix Accounting أوديكس للحسابات
Audiix helps SMEs across the GCC efficiently manage and control their accounts and taxes by offering effortless bookkeeping and timely tax filing, handled with care. No hassles, no penalties.
Bronze Partner
Majed Adel Alsaeed Chartered Accountant Company
At Alsaeed Chartered and Professional Accountant (SCPA) comprises high-level professionals with scientific and practical capabilities, qualifications and impartiality, independence, and dedication to the service of clients. We seek to provide our services with a high quality and skill degree by strengthening a professional relationship with our client management and staff.
Bronze Partner
ﺷﺮﻛﺔ ﺑﺮوﻓﻴﺸﻨﺎل ﺗﺮاﻳﻨﻨﺞ اﻧﺪ ﻛﻮﻧﺴﻠﺘﻨﺞ|Professional Training and Consulting
PTC is a business consulting firm providing professional advisory and government regulatory compliance services across the Middle East. We support organizations with corporate advisory, licensing, regulatory compliance, and government liaison, ensuring smooth operations and full statutory compliance. Our client-focused approach and deep regulatory expertise enable businesses to operate efficiently, manage risk, and achieve sustainable growth.
Bronze Partner
Tanwier تنوير
We seek to form a business partnership with our customers by providing high-quality accounting and financial services that ensure access to data that helps in decision-making and achieving effective control over costs to reach the best use of the institution's resources, as our main goal is to support our customers and help them grow and prosper.
Bronze Partner
Clear way Professional Advisory
Clear Way for Professional Advisory is a specialized firm providing business consulting and outsourcing solutions in accounting, marketing, and digital transformation. We help our clients enhance operational efficiency and achieve sustainable growth through innovative, results-driven approaches.
Verified Partner
شركة رقيم محاسبون ومراجعون قانونيون - Raqeem CPA
Reqaem is a Saudi company that provides auditing, tax, financial advisory, and risk services to clients in both public and private sectors across a wide range of economic fields. Their team, known for their high level of expertise, integrity, independence, and dedication, works to help clients achieve their business goals. They prioritize quality service delivery through effective responsiveness, fostering strong client relationships based on understanding, care, and meeting clients' needs. The team operates on the principle of collaboration and mutual understanding of work systems and environments.
Verified Partner
Basma Baroom for Professional Services
Accounting Firm that provides Bookkeeping,Zakat and Tax services for SMES.
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VAT Return in Riyadh: what to know
Saudi Arabia's VAT rate of 15% is one of the highest among GCC nations, and for businesses in Riyadh, accurate VAT return filing is both a financial obligation and a regulatory signal. ZATCA has significantly expanded its audit and verification activity since Phase 2 e-invoicing integration began — meaning VAT returns submitted without full reconciliation to underlying invoice data are increasingly flagged for review.
Frequently asked questions
What is the VAT rate in Saudi Arabia and who manages compliance?
Saudi Arabia applies VAT at 15% on most goods and services. ZATCA is the governing body. VAT-registered businesses must file quarterly returns — or monthly for large taxpayers with annual VAT liability above SAR 40 million — through the Fatoora portal.
How much does VAT return filing cost in Riyadh?
VAT return preparation for most Riyadh SMEs costs SAR 300–800 per filing period. Businesses with higher transaction volumes or complex input VAT calculations pay more. Firms that bundle bookkeeping and VAT often offer more cost-efficient combined pricing than standalone engagements.
What are the penalties for late VAT filing in Saudi Arabia?
ZATCA penalties for late filing range from 5%–25% of unpaid tax, plus a fixed administrative penalty. Late payment carries an additional 1% per month on the overdue balance. Voluntary disclosures submitted before a ZATCA audit typically reduce penalties significantly.
Do I need to file VAT returns if my revenue is below the threshold?
Mandatory VAT registration applies to businesses with annual taxable turnover above SAR 375,000. Voluntary registration is available from SAR 187,500. Below the voluntary threshold, registration is not required and input VAT cannot be recovered.
How does ZATCA Phase 2 affect VAT return preparation?
Phase 2 requires your invoicing system to transmit e-invoices to ZATCA's Fatoora platform in real time. The data underlying your VAT return is now validated at invoice level. Experienced firms identify discrepancies between books and transmitted invoice data before they cause filing errors.
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