GTL Summary:

Article 7 of the KSA Value Added Tax Law establishes that the specific terms and conditions governing the transfer of goods are deferred to the Implementing Regulations. This provision applies when a Taxable Person transfers goods that form part of their business assets from the Kingdom of Saudi Arabia to another GCC Member State, or conversely, from a Member State into the Kingdom. The article mandates that the Regulations will provide the detailed framework for such cross-border movements, ensuring clarity on the VAT treatment and compliance obligations associated with intra-GCC transfers of a taxable person's own assets.