Saudi Arabia approves tax treaties with Bahrain, Croatia and Kuwait
The Saudi Arabian Council of Ministers approved the signing of an income tax treaty with Bahrain and the approval of tax treaties with Croatia and Kuwait on 22 April 2025. The treaty with Bahrain aims to address double taxation and promote
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Saudi Arabia: ZATCA publishes updated guide clarifying VAT Executive Regulations
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has published a VAT Guide, providing clarifications on amendments to the VAT Executive Regulations. Key points include new conditions for tax group registration. To qualify, each member must
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Saudi Arabia: ZATCA approves new real estate transaction tax regulations
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has approved the executive regulations for the Real Estate Transaction Tax (RETT), published in the official gazette on 9 April 2025. The regulations will take effect on 10 April 2025,
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Saudi Arabia: ZATCA urges taxpayers to benefit from fines cancellation initiative until June 2025
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025. This announcement was made by ZATCA on 6 April
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Saudi Arabia: ZATCA announces criteria for 22nd wave of e-invoicing compliance
The Saudi Zakat, Tax, and Customs Authority (ZATCA) announced on 21 March 2025 the criteria for the 22nd group of taxpayers required to comply with the second phase of the electronic invoicing (e-invoicing) system which includes all taxpayers
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Peru advances tax treaty talks with Australia, France, Saudi Arabia, Singapore, UAE
The Peruvian Ministry of Economy and Finance announced that it is working to finalise tax treaty negotiations with Australia, France, Saudi Arabia, Singapore, and UAE on 20 March 2025. Peru has signed 10 agreements that provide a secure and
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Saudi Arabia: Council of Ministers approve income tax treaty with Iceland
Saudi Arabia's Council of Ministers approved the ratification of an income tax treaty with Iceland on 18 March 2025. The agreement aims to prevent double taxation and is expected to encourage trade and investment by addressing tax challenges,
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Saudi Arabia: ZATCA announces 21st e-invoicing integration phase
The Saudi Zakat, Tax, and Customs Authority (ZATCA) has outlined the criteria for the 21st phase of integration under the country’s new E-Invoicing (FATOORA) requirements. This announcement was made by ZATCA on 28 February 2025. This phase
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Qatar ratifies income tax treaty with Saudi Arabia
Qatar issued Decree No.1 of 2025, approving the ratification of its income tax treaty with Saudi Arabia on 13 February 2025. Earlier, Qatar and Saudi Arabia signed an income tax treaty on Thursday, 30 May 2024. The treaty, a first of its
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Saudi Arabia releases draft real estate transaction tax regulations for public consultation
The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) has released the draft regulations for the Real Estate Transaction Tax (RETT) for public consultation on 15 February 2025. The draft regulations update the rules for real estate
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Saudi Arabia introduces beneficial ownership reporting rules
Saudi Arabia’s Ministry of Commerce has announced new beneficial ownership reporting requirements, effective from 3 April 2025, as part of the country’s updated Commercial Registry system. The regulations aim to enhance corporate transparency,
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Saudi Arabia: ZATCA sets criteria for 20th e-invoicing integration phase
The Saudi Zakat, Tax, and Customs Authority (ZATCA) announced the criteria for selecting taxpayers in the 20th wave of the integration phase for the country's new E-Invoicing (FATOORA) requirements. The 20th wave targets all taxpayers whose
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Saudi Arabia extends deadline for new zakat rules
Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) has extended the deadline for Zakat payers to apply new regulations for fiscal periods starting before 1 January 2024 to 30 April 2025. The extension was issued in Ministerial Resolution
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Saudi Arabia, Serbia to sign income tax treaty
The Saudi Council of Ministers has granted the Ministry of Finance approval to sign an income tax treaty with Serbia on 11 February 2025. Earlier, Saudi Arabia and Serbia finalized negotiations by initiating an income tax treaty on 8 February
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Saudi Arabia issues advance pricing agreement guidelines
Saudi Arabia’s Zakat, Tax and Customs Authority has released guidelines for its new advance pricing agreement (APA) regime. According to the guidance from the Zakat, Tax and Customs Authority, the program "will not process Bilateral and
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Saudi Arabia, Serbia initiate first income tax treaty
Saudi Arabia and Serbia finalized negotiations by initiating an income tax treaty on 8 February 2024. A tax treaty is a bilateral agreement between two countries aimed at addressing double taxation on both passive and active income for their
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Mauritania, Saudi Arabia income and capital tax treaty enters into force
The income and capital tax treaty between Mauritania and Saudi Arabia entered into force on 1 January 2025. A tax treaty is a bilateral agreement between two countries to address issues related to the double taxation of both passive and active
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Saudi Arabia: ZATCA issues guidance on real estate transaction tax for BOOT contracts
The Saudi Arabian Zakat, Tax, and Customs Authority (ZATCA) provided new guidance regarding Real Estate Transaction Tax (RETT) for Build-Own-Operate-Transfer (BOOT) contracts on 25 January 2025. The rules specify that immovable assets such as
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