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- Increase in VAT rate from 5% to 15% for SAP ERP6 and SAP S/4HANA OP customers.
- The increase of value added tax (VAT) from 5% to 15% starting from 1 July 2020.
- In line with the same, the General Authority of Zakat and Tax (GAZT) announced:
- Impact of COVID-19 on taxation: The government of Saudi Arabia has implemented several initiatives to address the consequences of coronavirus global pandemic crisis.
- SAP FIN Localization for Kuwait, Private SectorĬore finance capabilities in the Saudi Arabia-specific version of SAP ERP support local legal requirements and business best practices, and are included in the standard local version of SAP ERP.
- View the Highlights of the local version: PDF.
- Highlights of the local version for Kuwait For technical details, view SAP Note 2118516 – public sector localization for Kuwait*. It includes budget preparation, execution, and payment processes – as well as related legal forms and reports – and is available in Arabic and English languages.
- Localized finance capabilities for Kuwait public sector: phase 1 (June 2015) – The localized country version for Kuwait public sector, phase 1, that includes finance functionalities per the law and regulations of Ministry of Finance, is now available.
- This Support Package includes all functions that have been released earlier (phase 2).
- KW-LOG: New Support package for Letter of Credit and Bank Guarantee Enhancements (January 2016) - SAP has released new support package on LOCINLOG 606, SAPK-60605INLOCINLOG-SP 0005.
- pdf)Ĭore finance capabilities in the Kuwait-specific version of SAP ERP support local legal requirements and business best practices, and are included in the standard local version of SAP ERP.
- Learn about Egypt financial localization, private sector (.
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Highlights of the local version for Egypt
- The new Withholding Tax report in csv formatĪccording to the regulations of the ETA, taxpayers now need to submit their WHT returns directly onto the ETA portal, in CSV format SAP Note 2725758.
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The files contain details of tax base amounts and tax amounts for all categories of sales and purchases, the new reports delivered in our tax reporting products These CSV files contain line item-level details about VAT and schedule tax applicable on your sales and purchases for a reporting period.
- The new formats of Egypt VAT Return reportsĪccording to the regulations of the ETA, taxpayers now need to submit their VAT returns directly onto the ETA portal, in CSV format.
- Learn about legal changes in the Announcement of Legal Changes. In SAP S/4HANA, choose your country/region in Local Versions. In SAP ERP, choose your country/region in Local Versions. Core finance capabilities in the Egypt-specific version of SAP ERP support local legal requirements and business best practices, and are included in the standard local version of SAP ERP.