Tag: business

After you got hired, Legal and Business, Pro Center

How to set payment terms for freelancers and small businesses?

Setting up the right terms of payments probably is not the first priority for an entrepreneur but for sure is a key priority to maintain a healthy cash flow, and to ensure long-term sustainability. Setting up the terms of payment up front and in writing is very important to protect the sustainability of the business. Terms of payment need to be defined within the agreement … Continue reading How to set payment terms for freelancers and small businesses?

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Legal and Business, Pro Center

Are The Saudi Professionals And SMEs Ready to Implement The VAT?

The Saudi government has approved the introduction of VAT of 5% starting from January 1st, 2018, unless the goods or services are exempt or zero-rated. The VAT will be applicable on multiple sectors including: consumer and industrial products, technology, media and telecommunications, financial services and real estate. Some sectors such as education, health, and transportation may be exempt or at zero rate. Small and medium … Continue reading Are The Saudi Professionals And SMEs Ready to Implement The VAT?

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