This document provides a consolidated overview of recent tax developments in the Kingdom of Saudi Arabia (“KSA” or “Saudi Arabia”) in the last 12 months. The National Report provides insights on key developments, regulatory changes, and economic impacts within the fiscal environment in the KSA.
For businesses familiar with the stringent tax penalty regime in the UAE, the term “tax audit” often invokes feelings of fear, doubt, and anxiety. While these emotions are natural, understanding the dos and don’ts of navigating a tax audit can significantly influence how a business responds to the Federal Tax Authority (FTA) and, in turn, impact the outcome of the audit.
For businesses familiar with the stringent tax penalty regime in the UAE, the term “tax audit” often invokes feelings of fear, doubt, and anxiety. While these emotions are natural, understanding the dos and don’ts of navigating a tax audit can significantly influence how a business responds to the Federal Tax Authority (FTA) and, in turn, impact the outcome of the audit.
The introduction of Corporate Income Tax (“CIT”) in the United Arab Emirates (“UAE”) has been a pivotal moment in the country’s continuous development. Historically, the UAE operated as a jurisdiction where no federal corporate income tax (CIT) was applicable.
Our highly skilled and well-trained tax advisors guide you through your fiscal obligations in the Gulf.
We are your personal pragmatic partner in all of your ventures. Our international tax experience in policy and
implementation is exactly what you need for the changes lying ahead.
We have strengths in the financial, real estate and transport sectors and use an approach that allows us to understand any sector’s unique set of tax challenges.
At Aurifer, we pride ourselves on our training skills. Our experts have extensive training experience in multiple jurisdictions, having provided tax training in UAE both to professionals and on an academic level. We provide general and sector specific training.
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