Saudi Arabia

Nominee arrangements and foreign investment in Saudi Arabia

Saudi Arabia, Tax / By

I. Introduction Expanding business operations into the Kingdom of Saudi Arabia (KSA) presents numerous opportunities for foreign investors. While market analysis and investment prospects often take precedence, understanding and adhering to regulatory requirements is equally critical. To establish a presence in the Saudi market, companies must first engage with the Ministry of Investment, which is […]

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Recent amendments to Saudi Arabia’s Zakat

Saudi Arabia, Tax / By

1. Overview of the Amendments to the Zakat Collection Regulations for 1445 AH Legislative developments related to zakat collection in Saudi Arabia continue to evolve rapidly, aligning with changes in other laws such as corporate regulations, investment laws, accounting standards, and tax legislation. This article provides an overview of the key updates introduced by Ministerial

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Saudi Arabia’s proposed new Income Tax Law

Saudi Arabia, Tax / By

1. Summary In late 2023, Saudi Arabia’s Zakat, Tax and Customs Authority (“ZATCA”) initiated a public consultation process to introduce a new Income Tax Law (“ITL”) to replace the current framework. The proposed law, still under review, is designed to modernize the ITL in line with leading global tax standards while fostering a more business-friendly

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