Saudi Arabia: Withholding tax update on freight and insurance on imported leased equipment

15 February, 2015

The Higher Appeal Committee ruled that freight and insurance paid on import of assets whether owned or leased should not constitute as Saudi source income. This ruling goes against the interpretation issued by the Department of Zakat and Income Tax regarding the issue on withholding tax on freight and insurance charges on leased equipment.

Africa & Middle East

Saudi Arabia

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Saudi Arabia signs tax treaty with Croatia, Kuwait, customs mutual agreement with Kosovo

December 10, 2024

Minister of Finance and Chairman of the Board of Directors of the Zakat, Tax and Customs Authority (ZATCA) Mohammed Al-Jadaan signed a series of significant agreements aimed at strengthening tax and customs cooperation with multiple countries during

Iceland, Saudi Arabia sign tax treaty

December 08, 2024

In an announcement by the Saudi Press Agency (SPA), officials from Saudi Arabia and Iceland convened in Riyadh to sign an income tax treaty on 4 December 2024. The signing took place during the first day of the Zakat Tax and Customs Conference in

Saudi Arabia: ZATCA announces 18th wave of e-invoicing integration

December 04, 2024

The Zakat, Tax and Customs Authority (ZATCA) has revealed the criteria for the 18th group of taxpayers who must comply with the integration phase of the e-invoicing system on 29 November 2024. The 18th wave included all taxpayers whose revenues

Saudi Arabia: ZATCA clarifies VAT audit process

November 21, 2024

Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) has introduced new guidelines to clarify VAT audit procedures and ensure better compliance with tax regulations. The guidelines provide businesses with clear steps for audits, corrections,

Saudi Arabia urges taxpayers to benefit from the cancellation of fines and exemption of penalties initiative

November 13, 2024

The Saudi Zakat, Tax, and Customs Authority (ZATCA) has issued a statement urging all taxpayers to take advantage of the “Cancellation of Fines and Exemption of Penalties Initiative,” which is set to conclude on 31 December 2024. Fines

Saudi Arabia approves tax treaty with Qatar

November 12, 2024

The Saudi Arabian Council of Ministers approved the ratification of the income tax treaty with Qatar on 5 November 2024. The treaty, which is a first of its kind between the two Gulf monarchies, aims to eliminate double taxation, prevention as