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  • Article

    COVID-19 Across KSA - Weekly Update (May 17, 2020)

    Whatever your business—whether you are a government entity in charge of mega projects, an oil and gas major responsible for energy security, an investor looking at new investments, managing existing positions...
    Saudi ArabiaCoronavirus (COVID-19)
    Akin
    Akin
  • Article

    Tax Alert: Announcement Of 17th Wave For E-invoicing Phase 2 Implementation

    The Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the targeted taxpayers in the seventeenth wave for implementing the integration phase of e-invoicing, as it clarified that the seventeenth.
    Saudi ArabiaTax
    KPMG
    KPMG
Article

Increase In VAT

Saudi Arabia declared that the VAT rate will be increased from 5% to 15%, which will be effective as of July 1, 2020.
Saudi ArabiaTax
United Trademark & Patent Services
United Trademark & Patent Services
  • Article

    Saudi Arabia Announced Its New Coronavirus Measures And Preventions To Recover Sharp Decreases In Oil Revenues: The Government Will Triple Vat Rate And Suspend Cost Of Living Allowance

    Many countries all around the world took measures against the economic challenges due to the Coronavirus (COVID-19) outbreak in their jurisdictions.
    Saudi ArabiaCoronavirus (COVID-19)
    Centrum
    Centrum
  • Article

    Taxation

    Tax reforms are part of the Saudi 2030 Vision and the economic development in Saudi Arabia. Recently, Saudi Arabia introduced the value-added tax (VAT) and real estate transaction tax (RETT).
    Saudi ArabiaTax
    Eyad Reda Law Firm LLP
    Eyad Reda Law Firm LLP
  • Article

    Understanding Common Tax Audit Triggers And Preparing Effectively

    Staying ahead of tax audits is crucial for any business seeking compliance and peace of mind. This article uncovers the most common audit triggers, from discrepancies in reported income to cash based businesses ...
    Saudi ArabiaTax
    Alvarez & Marsal
    Alvarez & Marsal
  • Article

    SAUDI ARABIA TAX ALERT | Relaunch Of The Tax Penalties Exemption Initiative (January - June 2026)

    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.
    Saudi ArabiaTax
    Alvarez & Marsal
    Alvarez & Marsal
  • Article

    SAUDI ARABIA TAX ALERT | VAT Guide On Electronic Marketplaces And Deemed Supplier Rules (Effective January 1, 2026)

    ZATCA has issued guidance clarifying when electronic marketplaces are treated as deemed suppliers under Article 47 of the VAT Regulations.
    Saudi ArabiaTax
    Alvarez & Marsal
    Alvarez & Marsal
  • Article

    Tax Alert: Extension Of The Tax Amnesty Scheme Until 30 June 2025

    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.
    Saudi ArabiaTax
    KPMG
    KPMG
  • Article

    Kingdom Of Saudi Arabia: Be On The Lookout For These Expected Tax Developments In 2024

    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...
    Saudi ArabiaTax
    Alvarez & Marsal
    Alvarez & Marsal
  • Article

    Zakat Collection Law In KSA

    The Zakat, Tax and Customs Authority (ZATCA) is the regulatory body responsible for tax collection and assessment in Saudi Arabia. This includes the collection of Zakat, a religious tax, as well as Value Added Tax (VAT).
    Saudi ArabiaTax
    Hamad in association with Youssry Saleh & Partners (AHYSP)
    Hamad in association with Youssry Saleh & Partners (AHYSP)
  • Article

    Saudi Arabia Update - December 2015

    The MoCI warned practitioners of real estate valuation from carrying on their profession without obtaining a temporary membership from the Saudi Authority for Accredited Valuers (the Authority) authorizing them to do so.
    Saudi ArabiaEmployment and HR
    Dentons
    Dentons
  • Article

    Tax Law Changes In Saudi Arabia

    Businesses and consumers are confronting a pair of new tax laws in Saudi Arabia.
    Saudi ArabiaTax
    Jones Day
    Jones Day
  • Article

    E-invoicing In The Kingdom Of Saudi Arabia (KSA)

    Recently, detailed guidance for e-invoicing was released by the Zakat, Tax and Customs Authority (ZATCA) in Arabic and English.
    Saudi ArabiaTax
    TMF Group BV
    TMF Group BV
  • Article

    Introduction Of Value Added Tax (VAT) In The Kingdom Of Saudi Arabia

    On 03/05/1438 H (corresponding to January 31st, 2017 G), Saudi Arabia ratified the Gulf Cooperation Council (GCC) Value Added Tax Framework Agreement (the "Framework Agreement") by virtue of Royal Decree No. M/51.
    Saudi ArabiaTax
    BSA Law
    BSA Law
  • Article

    Saudi Arabia Update - May 2017

    The Ministry of Labor and Social Development (MOL) is discussing a potential new employment system for Saudi employees named "Flexible Work" (Flexible Work).
    Saudi ArabiaEmployment and HR
    Dentons
    Dentons
  • Article

    Key Legal Updates December 2024

    The Saudi Zakat, Tax and Customs Authority has announced the extension of the initiative to waive fines and exempt taxpayers from financial penalties under all tax systems for an additional six months...
    Saudi ArabiaLaw Department Performance
    Harasani & Alkhamees Law Firm
    Harasani & Alkhamees Law Firm
  • Article

    Newly Introduced Taxes In Saudi Arabia: Selective, Family Levy For Expatriates; And VAT Starting From January 2018

    As Saudi Arabia entered into a recession caused by the drop in the global oil prices – the main source of revenue for the country – which in turn led to a deficit at its budget, the Government enforced...
    Saudi ArabiaTax
    Meyer-Reumann & Partners
    Meyer-Reumann & Partners
  • Article

    The Importance Of Government Portals In Saudi Arabia

    Saudi Arabia has spent the past decade building a digital backbone for public services.
    Saudi ArabiaCorporate/Commercial Law
    The Sovereign Group
    The Sovereign Group
  • Article

    Saudi Arabia Update - January 2018

    Saudi Arabia's bankruptcy and insolvency law regime has been governed by two regulations, the earliest dating back to 1930.
    Saudi ArabiaEmployment and HR
    Dentons
    Dentons
  • Showing 1–20 of 44 results

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