Saudi Arabia relaunches tax relief measures from 1 June to 30 November 2022

June 08, 2022

On 1 June 2022, Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA)  announced the relaunch of tax relief measures due to the Covid-19 pandemic. Under the measures, the taxpayers can be exempted from fines and financial penalties for six

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Saudi Arabia: ZATCA releases the third edition of transfer pricing guidelines

January 06, 2022

In November 2021, Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) released the third edition of Transfer Pricing Guidelines in English. The first edition and second edition were released in March 2019 and May 2020 respectively. These

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Saudi Arabia issues circular on Force of Attraction rule in the Context of PE

April 26, 2021

The Saudi Arabian General Authority for Zakat and Tax (GAZT), in April 2021, published Circular No. 2104001, entitled Force of Attraction rule in the context of permanent establishment (pdf). The Circular confirms the GAZT’s approach to applying

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Saudi Arabia: GAZT publishes CbC reporting XML schema version 2.0

February 07, 2021

Recently, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has informed that Country-by-Country (CbC) Reporting Schema to V2.0 is being updated. Taxpayers have to submit (CbC) report via AEOI Portal using XML Schema standardized

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Saudi Arabia: GAZT extends tax penalty relief measures up to 30 June 2021

January 25, 2021

On 21 January 2021, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued a press release, through which they cancel the fines and exemption from financial penalties for taxpayers until 30 June 2021 in response to the COVID-19

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Saudi Arabia: GAZT extends tax relief measures up to 31 December 2020

October 20, 2020

On 6 October 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued a press release, through which they cancel the fines and exemption from financial penalties for taxpayers until 31 December 2020 in response to the

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Saudi Arabia: GAZT extends tax initiatives up to 30 September

August 27, 2020

On 17 August 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued a press release, through which they cancel the fines initiative and exemption from financial sanctions for taxpayers until 30 September 2020 in

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Saudi Arabia exempts from income tax for oil and hydrocarbon production

July 11, 2020

On 26 June 2020, the Saudi Arabian government issued Royal Decree No. M/153 providing an exemption of income taxes for oil and hydrocarbon production non-Saudi companies listed in the Saudi financial market. The Decree has explained that this

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Saudi Arabia: GAZT invites taxpayers to submit withholding tax returns for March and June

July 06, 2020

On 5 July 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has issued its decision for the taxpayers subject to withholding tax to submit their tax returns for the month of June, as well as for the month of March for the

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Saudi Arabia: GAZT publishes circular on capital gain tax

June 24, 2020

On 15 June 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has published online Circular No. 2005003 regarding income tax on capital gains from restructuring events. Through this Circular, GAZT addresses the taxation of

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Saudi Arabia: GAZT publishes guidance on MAP

June 18, 2020

On 9 June 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has published MAP Guidance (Request for Mutual Agreement Procedure –Taxpayer guidance). The purpose of this document is to set out the process through which taxpayers

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Saudi Arabia: GAZT releases the second edition of transfer pricing guidelines

June 13, 2020

In May 2020, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia has released the second edition of Transfer Pricing Guidelines (translated version). The Guidelines includes most of the section of the first edition, which was released in

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Saudi Arabia: MLI enters into force

May 29, 2020

On 1 May 2020, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered into force with respect to Saudi Arabia. On 23 January 2020, Saudi Arabia deposited its instrument of

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Saudi Arabia: Government hikes VAT to 15% as of July 2020

May 13, 2020

On 10 May 2020, the Saudi Arabia Government has decided to raise value-added tax (VAT) from 5% to 15% on all goods and services as of July 2020. The government will also suspend the cost of living allowance from June as part of the austerity steps.

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Saudi Arabia: Tax measures due to COVID-19 pandemic

March 25, 2020

On 20 March 2020, the Ministry of Finance of Saudi Arabia issued a statement on its website regarding postponement of Zakat returns filing, paying taxes among other procedures for the fiscal year 2019 in response to COVID-19. Main measures of the

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Saudi Arabia deposits MLI ratification instrument

February 04, 2020

On 23 January 2020, Saudi Arabia has deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures (MLI) to Prevent Base Erosion and Profit Shifting, which was signed on 18 September 2018. Saudi

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Saudi Arabia publishes rules for Tax Dispute Resolution Committee

January 13, 2020

On 3 January 2020, Saudi Arabia has published Royal Decree No. 26040 in the official gazette clarifying rules for Tax Dispute Resolution Committee (TDRC). The Decree explains the timelines which should be followed when appealing an assessment to

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Saudi Arabia introduces E-Service for CbC reporting

December 16, 2019

Recently, the General Authority of Zakat and Tax (GAZT) of Saudi Arabia have introduced E-Service for country-by-country (CbC) reporting. As per the transfer pricing Bylaws, Saudi Arabian taxpayers that are members of an MNE Group with consolidated

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