Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Beneficiary Onboarding
The process of introducing beneficiaries to the products and services and guiding them to use the benefits offered, as well as providing ongoing support throughout their journey, from registration to becoming permanent beneficiaries.
Payment Order’s Date of Receipt
The date of receipt of the payment order to the Ministry of Finance and before its registration on the system.
Creation Date of Payment Order
The date of creating an order for payment through the Etimad Platform at the government entity.
Tax Due Date
Date of the supply of Goods or Services, the date of issuance of the tax invoice or upon partial or full receipt of the Consideration, whichever comes first, and to the extent of the received. This date may differ from the date the goods or services are actually provided.
Sending Date
The date of sending the invitation to issue a document or transaction.
Creation Date
The date of uploading the competition on the bidding system by the government body.
Payment Order’s Registration Date
The registration date of payment order in the financial system of the Ministry of Finance.
Date of Registration
The date on which the person is registered in accordance with the provisions of the Value Added Tax System in the KSA and its Implementing Regulations, or as specified in the tax registration certificate issued by the Zakat, Tax and Customs Authority.
Fair Trade
A movement promoting ethical trade practices, ensuring producers (especially in developing countries) receive fair wages and work in safe conditions.
Outperformed
An entity, investment, or asset that has performed better than expected or outpaced its peers in terms of returns or financial results.
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