24 results found

ZATCA has relaunched the Tax Penalties Exemption Initiative, effective January 1 to June 30, 2026, offering taxpayers a renewed opportunity to regularize their tax positions.

On 29 December 2024, the Zakat, Tax, and Customs Authority (ZATCA) announced the extension of the "Cancellation of Fines and Exemption of Financial Penalties" initiative, until 30 June 2025.

In the context of Saudi Arabia's economic and structural reforms, as well as the country's goal of increased diversification economically, socially and culturally in line...

In February 2021, the government of the Kingdom of Saudi Arabia (the "KSA") announced that by 2024 it would cease doing business with international companies whose regional headquarters...

As you may be aware, yesterday, 5th December, the European Union ("EU") Commission produced a list of 17 countries identified for their perceived failures in regards to good tax governance.

As Saudi Arabia continues to align its economic framework with Vision 2030, significant proposed changes to the Income Tax Law (ITL) and related regulations have been introduced for public consultation.

In January 2025, the Zakat, Tax, and Customs Authority (ZATCA) released a tax bulletin providing explanation and guidance on the application of withholding tax (WHT) under double tax avoidance agreements (DTAAs).

1- Forms and types of taxes may vary according to each country's requirements and vision, and taxation can be regional, source or residency based among others.

Businesses operating in Saudi Arabia may need to manage several tax obligations, including Corporate Income Tax, Zakat, VAT and Withholding Tax. Which obligations apply depends on factors such as ownership structure, the nature of the business and the transactions it undertakes, making accurate accounting and ongoing ZATCA compliance essential.

The "Guideline for Regional Headquarters in KSA," released by the Zakat, Tax and Customs Authority (ZATCA), is an essential resource for multinational corporations...

On 14 April 2024, the Zakat, Tax, and Customs Authority (ZATCA) released comprehensive guidelines for regional headquarters in Saudi Arabia.

The Zakat, Tax and Customs Authority (ZATCA) oversees the way Saudi Arabia's tax policy and Islamic laws touch and form an organized decision-making system.

Saudi Arabia's economic transformation under Vision 2030 has reshaped not only investment opportunities but also the fiscal framework of the Kingdom.

The current economic transformation in Saudi Arabia under Vision 2030 has greatly expanded opportunities for foreign investors. Notably, the ability for non-Saudi investors to hold 100 percent foreign...

The Kingdom of Saudi Arabia has experienced a lot of changes in the fiscal policy setting in the last ten years.

Most investors enter the Kingdom expecting a red carpet of tax breaks, only to realize that the real value isn’t a single blanket incentive, it’s a complex puzzle. While investment incentives in Saudi Arabia are world-class, they are not universal. The gap between a standard MISA license and a high-yield strategic entry lies in knowing which benefits are automatic and which require rigorous, program-specific applications.

Driven by Vision 2030, the economy in Saudi Arabia has rapidly transformed in recent years with a focus on diversification and attracting foreign investment.