Saudi Arabia

I. Introduction Foreign investors seeking to expand their activities and business into the Kingdom of Saudi Arabia (“KSA”) tend to focus on studying the market and the investment opportunities. However, the regulatory requirements are considered a major aspect when investing in the KSA and should be considered as well. A company willing to enter the […]

Summary In late 2023, Saudi Arabia’s Zakat, Tax and Customs Authority (“ZATCA”) opened a public consultation to replace the existing Income Tax Law (“ITL”) by a new one. The proposal, which is currently under study, aims to update the ITL, to align it with the most relevant international tax practices and to promote business through