VAT and e-invoicing for gyms
Membership fees, personal training and shelf sales carry VAT at 15%. Aqid ERP issues simplified invoices to individual members and tax invoices to companies that buy corporate memberships.
Aqid ERP issues ZATCA Phase 2 e-invoices: UBL 2.1 XML, XAdES signature and QR code. Tax invoices to businesses go for clearance; simplified invoices to members are reported. Once your device is connected, each invoice is cleared or reported to ZATCA as it is issued.
VAT on an annual fee is usually due on the invoice you issue, even though the revenue is recognised over twelve months; agree the tax point for prepayments with your tax adviser. The VAT return is built from the posted entries, so the two always agree.