What is the service tax in Saudi Arabia?
In every service transaction, there are always some reserved charges that are added to your bill to contribute to the nation’s economic goals. This is usually taken in the form…
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In every service transaction, there are always some reserved charges that are added to your bill to contribute to the nation’s economic goals. This is usually taken in the form…
For any business operating in KSA, dealing with the critical taxation system is one of the core responsibilities. The multi-taxation system is full of rules and regulations to keep the…
Managing everything in-house has become a long-standing ritual now, from payroll to accounting; today, every task demands time, skills, and resources, which are oftentimes hard to manage internally. Therefore, outsourcing…
Are you running a business in Saudi Arabia? And are your sales growing fast? Your team is also expanding rapidly? But then comes one unexpected tax obstacle or a fast-approaching…
Payroll management is one of the foundational pillars of a successful company; paying the wages on time with the right calculation isn’t just a duty but a promise that keeps…
Tax Compliance, as the name suggests, is completely about adhering to the tax legislation set by the legal entities of any country. For businesses, tax compliance is more detailed than…
Having a business with no clue about where your money is vanishing and how much money is coming in is like running a directionless business. It not just leads to…
In Saudi Arabia, a GRO (Government Relations Officer) is a professional who acts as a liaison between a company and government entities, ensuring smooth compliance with local laws and regulations….
Major accounting firms in Saudi Arabia include international firms like SS&CO KSA, Deloitte, PwC, KPMG, EY, and BDO, alongside prominent local firms such as Al-Rajhi Accounting Firm, and numerous others…
In these modern times when the world is linked digitally, where technology is revolutionizing the industries, from smart cities to cloud powered enterprises, technology has powered innovation faster than ever….
With the recent transformation in KSA, businesses deal with the growing pressure to keep financial planning and long-term sustainability coordinated. And actuarial valuation plays a foundational role in it, no…
The main motive behind Excise tax is not just to secure the economy but to serve as a strong tool to transform behaviors and promote overarching policy aims. It is…
In the present times of fast paced and uncertain world of business, not every company reaches the heights of success. Be it increasing financial pressures, changing market demands or minor…
In the fast-paced world of today, wasted time is lost profit specifically if we talk about corporate world. Inside a rapidly moving business world, every minute counts. With limitless tasks…
In the rapidly reshaping world, skilled entrepreneurs understand the fact that disruptions come uninvited. From cyber threats and extreme weather damage to political upheaval, modern times businesses face an unending…
Withholding tax in Saudi Arabia was introduced with an aim to strengthen the country’s tax framework and to assure fair taxation policies for international businesses operating in KSA. To contribute…
Saudi Arabia is going through a financial transformation, pushed by the goals of Vision 2030. The Kingdom’s aim is to diversify its economy which has surged the demand for professional…
In Saudi, basic salary is the fixed amount an employee receives before any allowances or deductions, as stipulated in their employment contract. In the Kingdom of Saudi Arabia, it’s not…
As KSA is boldly moving towards its goal of vision 2030, it’s reshaping its economy to be less dependent on oil. The purpose of this evolution is to push regulatory…
Because there is no Saudi Arabian tax on personal income, expats generally do not need to file tax returns. Previously recognized for its tax-free environment, KSA now has evolved and…
Because there is no Saudi Arabian tax on personal income, expats generally do not need to file tax returns. KSA has revolutionized into a magnet for global talent, investors and…
Saudi Arabia corporate income tax rate is 20% of the net adjusted profits. Further, Zakat is charged on the company’s Zakat base at 2.5%. Zakat base means the business’s net…
To establish a company in Saudi Arabia, KSA, foreign investors generally need to obtain an investment license from the Ministry of Investment of Saudi Arabia (MISA), finalize legal documents like…
Saudi Arabia has gone through a prominent economic transformation, motivated by Vision 2030, with a goal to expand its economy beyond oil. This initiative has not just opened the doors…
Situated in the heart of Riyadh’s Al Olaya district, Kingdom Center Tower is a key hub for business and retail activities. Among some of the major offerings it also offers…
The top 3 industries in Saudi Arabia are: 1) Oil and Gas, 2) Construction and Real Estate, and 3) Healthcare and Pharmaceuticals. These sectors are vital to the KSA’s economy…
Oil and gas accounting in Riyadh, Saudi Arabia involves applying specialized accounting principles to manage the financial aspects of oil & gas exploration, and distribution. It’s crucial for accurate reporting,…
Smart financial management starts with solid accounting; it’s the backbone of every successful business. Accounting services manage and track each and every record of financial transactions and operations of a…
Corporate finance advisory services bring forward thoughtful decisions, fresh ideas and deep industry expertise to craft financial solutions that are rewarding for long term success. Their true benefits show when…
Zakat being one of the five pillars of Islam holds a significant worth in Islamic societies. For Muslims Zakat is not merely a legal obligation but a tool for promoting…
From cozy, family run inns to global chains, hotels, restaurants and resorts come in all shapes and sizes, but they all have few things in common. They never take a…
Saudi Arabia has emerged as a symbol of economic diversification with the rapid infrastructure development. Among the many projects of this evolution is Roshn Front which is a commercial district…
Diplomatic Quarter is a vibrant and busy location in Riyadh, where embassies and international organizations are emerging rapidly as a global hub for professional services. This area facilitates the international…
Zakat is one of the most critical pillars of Islamic system and to truly understand it, one must understand the Islamic teachings and values. Zakat is not just a personal…
Al Faisaliah Tower is a prime Commercial and Residential building located in the Olaya district, one of Riyadh’s most prominent business areas. With its distinctive pyramid shape crowned by a…
Tax has always been a matter in question in every aspect of a business. Handling the complex world of taxes can be highly demanding. In the present times, businesses look…
Value Added Tax is a type of tax that is applied to every product throughout its journey, from the factory floor to your front door. It’s not a tax you…
Diplomatic Quarter is home to embassies, elegant residential compounds, and a wide option for dinning from popular fast-food joints to sophisticated European and Middle Eastern cuisine. Not just that, it…
Vision 2030 is one of the most constructive projects of KSA, that is reshaping the future of the country. It comes with incredible number of opportunities for the country with…
Saudi Arabia has experienced high economic growth since last couple of years with the implementation of vision 2030. Modern day infrastructure plays a pivotal role in the attraction of global…
Riyadh the Capital of Saudi Arabia is growing its significance over the time, particularly after the Vision 2030 initiative which made it a home to many international investors along with…
Imagine a world without roads, schools, or hospitals, that’s a world without taxes. Taxation in any society plays a foundational role in the economic development of a country, it is…
As the demand for sustainability and environmental accountability grows, more and more businesses are moving to smarter and greener solutions. E-invoicing is one of the major shifts innovative businesses made…
The Saudi Capital Market stands as one of the emerging and leading business hubs in the middle east, serving as a foundation of the Kingdom’s economic growth. This influential environment…
Capital Market Authority (CMA) is the governing authority supervising the Saudi Arabia’s radically transforming financial market. Established in 2003 under the Capital Market Law, CMA is responsible for ensuring market…
For businesses established in or looking to enter Saudi Arabia, comprehending corporate income tax complexities is indispensable. KSA being the leading economy in the middle east has systematically maintained the…
