Saudi Arabia's new transfer pricing regulations apply to any taxpayer with a reporting period ending on or after 31 December 2018.
On May 28, 2017, Saudi Arabia published its draft Value Added Tax (VAT) legislation for public consultation.
Saudi Arabia Customs Authority has recently raised customs duties.
The Saudi Cabinet has approved the Gulf Cooperation Council (GCC) VAT Framework Agreement.
Saudi Arabia has made sweeping labor law reforms that were effective on October 8th and focus on some of the fundamental aspects of an employment relationship, such as working hours, paid leave and fixed term contracts.
The Department of Zakat and Income Tax (DZIT) as issued internal guidelines to its offices that clarify the tax position on non-resident companies providing services in the Kingdom of Saudi Arabia.
The new scheme provides unemployment benefits and is funded by joint contributions at a rate of 1% of monthly salaries and employer contribution of now 12%
Shift aligns weekend calendar in Saudi Arabia with rest of the GCC