During the recent Future Investment Initiative conference in Riyadh, held from 29  to 31 October 2024, officials from Saudi Arabia and Slovenia convened to discuss bilateral relations, including the potential establishment of an income tax

The Saudi Zakat, Tax, and Customs Authority (ZATCA) has announced updated compliance criteria for the 17th group of businesses required to join the e-invoicing system as part of their broader effort to digitalise the tax system and increase VAT

Saudi Arabia has released updated regulations for its real estate transaction tax (RETT) system, published in the Official Gazette on 11 October 2024. The new rules implement a 5% tax on all real estate disposals, applying to properties without

The US Treasury published a notice in the Federal Register regarding the current list of countries that may necessitate participation in or cooperation with an international boycott on 1 October 2024. The countries identified include Iraq,

Saudi Arabia's Shura Council ratified the income tax treaty with Qatar on 2 October 2024. Previously, Qatar and Saudi Arabia signed an income tax treaty on Thursday, 30 May,  2024. The treaty, which is a first of its kind between the two Gulf

Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) announced the criteria for selecting the targeted taxpayers in the Sixteenth Wave for implementing the "Integration Phase" of E-invoicing on 27 September 2024. ZATCA also clarified that