The Saudi Excise Tax Law, enforced by the Zakat, Tax and Customs Authority (ZATCA), imposes specific excise tax rates on goods deemed harmful to public health and the environment. Corporate taxpayers importing, producing, or distributing these goods must understand the...
Category: Saudi Arabia – Tax
Saudi Arabia periodically announces tax amnesty programs through the Zakat, Tax and Customs Authority (ZATCA) to help corporate taxpayers regularize their tax affairs. These initiatives offer penalty waivers, interest relief, and compliance benefits for eligible businesses across various tax types....
For corporate taxpayers in Saudi Arabia, understanding how investment incentives influence the effective tax rate (ETR) is crucial for strategic tax planning. Government-backed incentives can significantly lower the actual tax burden, making certain sectors and regions more attractive for business...
Saudi Arabia offers a valuable corporate tax exemption for qualifying dividend income, enabling eligible companies to reduce their overall tax burden. However, strict conditions apply to ensure that the benefit supports strategic and long-term investments rather than short-term speculative gains....