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The withholding tax, which is also referred as “tax at source,” is a tax that businesses deduct before paying various types of income, like royalties, interest, dividends to a non-resident…
In modern times, when the economy is interconnected across the globe, cross-border transactions have become more common than ever. In the progressing countries like KSA, which deal day to day…
E-Invoicing today has become a mandatory part of many advanced countries’ legal systems. KSA has also implemented E-invoicing practices in December 2020 and is still evolving it in line with…
The days are gone when bulky files and never-ending piles of paper invoices were used, with every reference number double checked for safety, and each payment was scanned carefully, yet…
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….
In today’s connected global economy, financial transparency is the latest currency. As businesses operate cross borders, which makes the market more unified and the demand for reliable financial reporting has…
It can be exciting to start your dream venture, but it’s a high-stake gamble where 90% of startups fail, which shows that your chances of success might not be in…
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…
There isn’t a single “number 1” chartered accountant in Riyadh & Saudi Arabia, as rankings among professionals in this field are not typically established. However, several highly reputable firms and…
Hotels represent a wide range of sectors, from cozy bed and breakfast to large hotel chains. Regardless of their size and scale, hotels never sleep. With round-the-clock services, they also…
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…
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…
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…
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…
As Saudi Arabia is digitally revolutionizing in every field, it officially introduced e-invoicing in 2021 with a purpose to evolve how businesses handle their invoices, credit notes, and debit notes….
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…
