Income Tax

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Income Tax

What is the payroll system in Saudi Arabia?

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…

Importance of Tax Compliance

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…

Types of accounting services

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…

What is GRO in Saudi Arabia

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….

List of accounting firms in Saudi Arabia

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…

What are the 4 principles of IFRS?

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…

VAT Registration Saudi Arabia Requirements

KSA has long been dependent on oil reservoirs but for sustainable growth and better alignment with other competitive countries, KSA introduced various reforms under the Vision 2030 and VAT is…

What are the 5 feasibility Studies?

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…

Basic salary calculation in Saudi Arabia

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…

What are economic substance regulations?

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…

What is the tax system in Saudi Arabia?

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…

Income tax in Saudi Arabia for foreigners

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…