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.
Related Posts
Saudi Arabia ratifies income tax treaty with Bahrain
The Saudi Council of Ministers approved the ratification of the income tax treaty with Bahrain. This announcement was made by the Saudi Press Agency on 21 April 2026. Bahrain and Saudi Arabia signed a tax treaty on 3 December 2025. The
Read MoreSaudi Arabia: ZATCA urges VAT-registered businesses to file March, Q1 2026 tax returns by deadline
Saudi Zakat, Tax and Customs Authority (ZATCA) urged business sector establishments subject to VAT, with goods and service revenues exceeding SAR 40 million, to file their tax returns for the March 2026, while urging businesses whose annual supplies
Read MoreBahrain approves draft law to ratify income tax treaty with Saudi Arabia
The Legislative and Legal Affairs Committee of Bahrainโs Council of Representatives approved the draft law for the ratification of the income tax treaty with Saudi Arabia on 13 April 2026. Bahrain and Saudi Arabia signed a tax treaty on 3
Read MoreSaudi Arabia, US sign tax information exchange agreement
Saudi Arabia and the US signed an exchange of information agreement relating to tax matters on 14 April 2026. During a meeting, Secretary of the Treasury Scott Bessent and Saudi Minister of Finance Mohammed bin Abdullah al-Jadaan discussed
Read MoreSaudi Arabia: ZATCA reminds taxpayers of March 2026 withholding tax filing deadline
The Saudi Zakat, Tax and Customs Authority (ZATCA) has called on establishments subject to withholding tax in Saudi Arabia to submit their tax forms for March 2026 by 10 April 2026. ZATCA urges establishments to promptly submit their withholding
Read MoreSaudi Arabia: ZATCA urges Feb 26 VAT filings, warns of penalties
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged business sector establishments subject to VAT, with goods and services revenues exceeding SAR 40 million, to file their tax returns for last February 2026, on a date no later than 31 March
Read More