In short
For Saudi Arabia, Qaid defaults to SAR, 15% VAT and Zakat enabled; it produces VAT summary/detail reports and a Zakat estimate (2.5% of the higher of net worth or net profit). Qaid is not integrated with ZATCA's FATOORA e-invoicing platform and does not submit VAT or Zakat returns.
What Qaid sets up for a Saudi company
| Setting | Default for Saudi Arabia | Editable? |
|---|---|---|
| Base currency | SAR | Yes |
| VAT rate | 15% on invoices and expenses | Yes |
| Zakat | On — Zakat estimate report available | Yes |
| Corporate income tax provision | Not set by default (applies to non-GCC-owned shares) | Yes |
| Payroll rules | Saudi preset | Yes |
| Interface language | Arabic or English | Per user |
VAT in Saudi Arabia
The standard VAT rate in Saudi Arabia is 15% (raised from 5% on 1 July 2020). Businesses above the mandatory registration threshold must register with the Zakat, Tax and Customs Authority (ZATCA) and file periodic returns. Qaid applies 15% to invoices, records input VAT on expenses, and produces a VAT summary (output minus input) plus a VAT detail report listing the underlying transactions — the figures you or your adviser need when preparing the return. Source: ZATCA — Value Added Tax.
E-invoicing (FATOORA)
Zakat
Saudi- and GCC-owned businesses are subject to Zakat, administered by ZATCA, generally at 2.5% of the Zakat base. Qaid's Zakat report estimates the amount due as 2.5% of the higher of (a) net worth (assets minus liabilities) and (b) net profit for the period, both floored at zero. This mirrors a common rule of thumb but is a simplification: ZATCA's full Zakat base adds and deducts specific items (for example, deducting net fixed assets and adding certain provisions and long-term debt) that Qaid does not auto-classify. Treat the figure as an estimate to review with a Zakat adviser. Source: ZATCA — Zakat.
Income tax
Corporate income tax (20%) applies to the share of profits attributable to non-Saudi/non-GCC partners. If it applies to you, set the rate in Qaid and the income-tax provision report will compute the estimate. Source: PwC Worldwide Tax Summaries — Saudi Arabia.
Payroll
Qaid ships a Saudi payroll preset (nationals vs expatriates treatment and end-of-service accruals) and posts each payroll run to the ledger. It does not file with GOSI or Mudad.
Everyday bookkeeping
- Describe transactions in Arabic or English; bilingual receipts and supplier invoices are extracted with VAT split out.
- Issue SAR invoices with your VAT registration number, share a link or PDF, and track payment.
- Import bank statements and reconcile them; ask “how much VAT do I owe this quarter?” and get the answer from your ledger.
Pricing
Plans are priced in KWD (Starter free; Growth KWD 9/month ≈ SAR 110; Scale KWD 29/month ≈ SAR 355, at typical exchange rates). During early access all features are free. See pricing.
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