Is an audit mandatory in Saudi Arabia?
The role of audit is very valuable today, where stakeholders demand better financial insights, regulations have become more Stricker, and the practices are evolving to meet international standards. With all…
Precision, Integrity, Expertise
The role of audit is very valuable today, where stakeholders demand better financial insights, regulations have become more Stricker, and the practices are evolving to meet international standards. With all…
Industries operate under the strict supervision of regulatory bodies to keep the businesses running within the boundaries of legal laws. These laws consist of a wide range of instructions and…
Behind every successful business are some operations running smoothly to keep it always on the right track. One of them is payroll services; they are more than just cutting checks,…
Business valuation Standards are the guidelines that are set to ensure uniformity, exactness, and integrity in business valuations, and Saudi Arabia stands at the convergence of global valuation practice and…
In the construction world, when money doesn’t move, when it’s needed the most, projects pause, operations slow down, and businesses fail. One of the main reasons why 82% of construction…
Saudi Arabia is generally considered a no-tax zone for businesses, but tax-free is referred to as no personal income tax in Saudi Arabia on wages and salaries. This makes it…
Value Added Tax (VAT) in Saudi Arabia was instituted on January 1, 2018, after the establishment of Vision 2030 to back its goals of diversifying the economy. The initial rate…
The frustration of waiting for a salary can be stressful for employees, which is why the Saudi Government implements a secure process for a fair and clear wage distribution across…
In the business world, assets hold a huge value as they play a pivotal role in generating value, mitigating expenses, and rewarding future outcomes. These assets can be office equipment,…
In modern times, businesses deal with uncertainties more than ever, as a result of rising cyber-attacks, pandemics, geopolitical instability, or natural disasters. This has made business continuity planning no longer…
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…
The emerging trends in the latest regulations are advancing at an unprecedented speed, revamping the way today’s businesses operate. Whether entrepreneurs or business owners, staying compliant is no longer just…
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…
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…
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,…
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…
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…
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…
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….
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…
Riyadh is revolutionizing rapidly with bold moves towards economic diversification and innovation, and Roshn Front plays a pivotal role in reshaping the landscape of professional services in Saudi Arabia. This…
In the heart of Riyadh lies one of the most iconic landmarks ‘Kingdom Centre Tower’. It’s not just a symbol of advancement and modernity but a business hub of multiple…
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…
It is a well-known fact that businesses worldwide lose nearly billions every year due to regulatory compliance violations. In Saudi Arabia, regulatory frameworks are evolving, and businesses, especially accounting firms,…
The outsourced accounting world is transforming a great deal with AI and automation. What took hours of manual work, such as entering data, calculating numbers, and processing documents, can now…
In the course of past couple of years Saudi Arabia has emerged as one of the leading countries swiftly progressing towards innovation and development. With the vision 2030 initiative the…
Regulatory Accounting: Understanding the Role of Accounting and Taxation In finance, accounting provides an underlying support structure for businesses that record financial transactions accurately and then report on them in…
