Saudi Arabia
Taxation in Saudi Arabia
Recent forum posts
-
What Role Does Professional Writing Play in Scaling a Business Successfully?
As businesses grow, communication often becomes one of the first invisible challenges. Founders and teams are busy with operations, sales, and strategy, yet the demand for clear writing only increases—whether it’s pitch decks, internal docs, case studies, or customer messaging.Professional writing helps scale ideas without diluting them. It ensures consistency in voice, clarity in strategy, an
Total Posts: 1 Last post by jeniferamanda
-
(+2347044417593) I want to join illuminati occult for power and riches
SPIRITUAL HEART OF THIS OCCULT YOU’RE CERTAIN TO BE ACCEPTED AND TRANSFORMED FROM POOR TO RICH OR RICH TO RICHER & POWERFUL .PANDORA INITIATE MEMBERS.PANDORA BROTHERHOOD knows that everyone has great potential but often many have lost their self-esteem and their desire for a better life.All of us know that we can be better than we are. We are not living up to our potential. Yet we have t
Total Posts: 1 Last post by Pandoraoccult13
Taxation in Saudi Arabia
Income Tax
Income tax is set at a flat rate of 20%.
Corporate Tax
The Council of Ministers in Saudi Arabia legislated a new income tax law, decreasing the tax rate on overseas investors from a maximum of 30% to a flat rate of 20%.The tax rate on companies engaged in the production of oil and other hydrocarbons productions will be 85%.
Zakat
Zakat is a religious capital tax assessed on Saudi and GCC nationals and on businesses entirely owned by those individuals. If companies or partnerships are owned by Saudi or GCC nationals and by other foreigners, zakat is assessed on the taxable income of the entity in proportion to the equity interest of Saudi and GCC nationals in the company. Complex rules apply to the calculation of zakat liabilities. Generally, zakat is levied at a rate of 2.5%.