VAT Law (Draft) Published in KSA
Introduction The GCC nations have announced the introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia (KSA) already published the draft VAT law on the website of General Authority of Zakat and Tax (GAZT). It is considered to one of the major steps towards […]
Introduction of New Regulations for Tax profile of the listed companies in KSA
Introduction The General Authority for Zakat and Tax (GAZT), in the Kingdom of Saudi Arabia (KSA) comes up with a new regulatory framework for zakat and tax profile of companies listed on Tadawul by issuing circular no. 6768/16/1438. The new regime requires listed companies to pay taxes on the basis of nationality of shareholders of […]