Saudi Arabia: ZATCA announces criteria for 19th wave of e-invoicing integration
The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) has announced the eligibility criteria for Group 19 taxpayers in the integration phase of e-invoicing on 27 December 2024. The 19th phase will include all taxpayers whose revenues
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Saudi Arabia signs tax treaty with Croatia, Kuwait, customs mutual agreement with Kosovo
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
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Iceland, Saudi Arabia sign tax treaty
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
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Saudi Arabia: ZATCA announces 18th wave of e-invoicing integration
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
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Saudi Arabia: ZATCA clarifies VAT audit process
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,
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Saudi Arabia urges taxpayers to benefit from the cancellation of fines and exemption of penalties initiative
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
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Saudi Arabia approves tax treaty with Qatar
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
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Saudi Arabia, Slovenia to conclude tax treaty
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
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Saudi Arabia reveals criteria for 17th phase of e-invoicing
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
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Saudi Arabia introduces new real estate transaction tax regulations
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
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US: Treasury releases list of boycott countries
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,
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Saudi Arabia ratifies tax treaty with Qatar
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
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Saudi Arabia: ZATCA sets criteria for selecting taxpayers for wave 16 of e-invoicing, compliance starts 1 April 2025
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
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Saudi Arabia issues fees rules on customs services provided at ports
The Zakat, Tax and Customs Authority (ZATCA) has announced the issuance of a decision by its Board of Directors regarding the Fee Rules on Customs Services, which includes specifying the fees on customs services provided by ZATCA and the conditions
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Saudi Arabia issues fees rules on customs services provided at ports
The Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) has announced the issuance of a decision by its Board of Directors regarding the Fee Rules on Customs Services, which includes specifying the fees on customs services provided by ZATCA and
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Saudi Arabia: ZATCA sets criteria for 15th e-invoicing phase; compliance starts 1 March 2025
Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the 15th group of taxpayers who must adhere to the second phase of the e-invoicing system implementation on 30 August 2024. This initiative is part of ZATCA's efforts
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Saudi Arabia consults proposed amendments to VAT implementation regulations
Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) announced proposed amendments to the VAT Implementation Regulations on 28 August 2024, now open for public consultation until 17 September 2024. The proposed changes aim to align Saudi tax
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Saudi Arabia approves updated investment law
The Saudi Press Agency announced the approval of a new Updated Investment Law, published on 11 August 2024. Set to come into effect in early 2025, the law aims to attract foreign investors, enhance the competitiveness of the investment
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