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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