latest update in local tax and zakat regulations   | KPMG | SA

KPMG sheds light on latest update in local tax and zakat regulations  

latest update in local tax and zakat regulations  

latest update in local tax and zakat regulations  

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This year’s seminars come at challenging times where the Saudi economy faces various challenges and continues to be affected by the decline in and fluctuation of oil prices.  

The seminars will discuss the recent plans by Saudi government to introduce Value Added Tax (VAT), which is expected to be fully implemented by
the end of 2017, and how businesses should be prepared for that.

The seminars will also concentrate on the latest updates in the Saudi tax and zakat regulations, including the latest on the fair pricing and transfer pricing rules, double tax treaties, the proposed zakat law and the tax imposed on undeveloped urban land designated for residential or commercial use.

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