Breaking, Breaking News, VAT

Bahrain is Next State to Implement VAT In GCC

VAT was implement on 1 January 2018 in Saudi Arabia and UAE as a part of GCC Framework agreement between 6 GCC states and Now Bahrain is expected to be next state to implement VAT as reported by UAE daily Khaleej Times.

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It is expected that Bahrain, Qatar and Omar to implement VAT as early as Jan 2019, although there is no final date set to implement VAT. It is likely Kuwait will be last state to implement VAT.

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5% VAT is expected to generate over $25 billion annually for six GCC countries. VAT is to implement by Bahrain first and then by Oman followed by Kuwait at the end. The Sultanate of Oman has announced to implement VAT in 2019, although it is expected to be in mid 2019. It is also need to be noted that Kuwaiti parliament is yet to vote on VAT bill.

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It is also mentioned in the Report that because of GCC unified commerce zone, it is expected that the proposed laws may be similar to what KSA and UAE have with respect to taxing international transactions.

Source: UAE daily Khaleej Times

Source: Arab News

 

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Breaking, Breaking News, Saudi Electricity Company

How to Subscribe or UnSubsribe to Tayseer (Facilitation) Program of Saudi Electricity Company

Many of us received a strange SMS like below from Saudi Electricity Company that our total amount due is i.e. 416.66 SR but we only have to pay 330 SR. It was totally strange to me until I found out about Tayseer Program. In this article, we will show you how to subscribe or unsubscribe to Tayseer program.

Dear Customer Your bill has been issued to account No. 100xxxxxxxx
The amount of the bill: SR 416.66
Previous amounts: SR 0.00
Total amount: SR 416.66
The amount to be paid is SR 330.00
We would like to inform you that you have been automatically registered in (Tayseer) program and you can cancel the subscription and pay the total amount if you wish. For more information about this program click here:
https://goo.gl/xxxxxxx

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How To Subscribe or Unsubscribe to Tayseer Program

Now the first thing you need is your Contract Number, since in the message it is account no. as shown in below image, for some of us it is miss leading because of the Name.

Copy or note down your contract number as we will be using it to Subsribe or Unsubsribe to the Tayseer Program

Now lets go to Saudi Electricity Company’s site and see our current status, click on below link:

Subscribe or Unsubscribe

Now click on View Bill to See your current Bill and enter the Contract Number we copied from the Mobile SMS.

Enter Your Contract Number and click View Bill.

Once loaded you can see your New Tayseer amount, if you are automatically registered you will also see below message.

TAYSEER PROGRAM – We are pleased to inform you of your registration automatically in Tayseer program and the amount required to be paid according to Tayseer program is xxx.00 SAR

Now we know that we are registered, this service is beneficial for some but at the same time some may not like it and may want to discontinue or unsubscribe. If you want to unsubscribe from this service just follow along.

How to Unsubscribe Tayseer Program Service on Saudi Electricity Company’s website

Please click on following link : Subscribe or Unsubscribe and choose Fixed Bill / Tayseer

Tayseer Program Fixed Bill unsubscribe service

Enter your Contract Number and Random number mentioned and click on Calculate.

Unsubsribe Tayseer Program

Once the page is loaded you can click on Unsubscribe Button and then click okay to confirm.

Fixed Bill Calculator Tayseer Program

How to Unsubsribe Tayseer Program success

We hope this would be informative for you.

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