{"id":988278,"date":"2025-09-11T11:53:27","date_gmt":"2025-09-11T11:53:27","guid":{"rendered":"https:\/\/cla.global\/?page_id=988278"},"modified":"2026-01-07T13:33:18","modified_gmt":"2026-01-07T13:33:18","slug":"accounting-and-tax","status":"publish","type":"page","link":"https:\/\/cla.global\/saudi-arabia-company-registration\/accounting-and-tax\/","title":{"rendered":"Accounting and Tax"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"988278\" class=\"elementor elementor-988278\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-585127c e-flex e-con-boxed e-con e-parent\" data-id=\"585127c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6161545 e-con-full e-flex e-con e-child\" data-id=\"6161545\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element 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!important;\r\n\r\n        color: #475569 !important;\r\n\r\n        font-size: 14px !important;\r\n\r\n        display: block !important;\r\n\r\n        padding: 8px 20px !important;\r\n\r\n        transition: all 0.3s ease;\r\n\r\n        cursor: pointer;\r\n\r\n        position: relative;\r\n\r\n        z-index: auto;\r\n\r\n        visibility: visible !important;\r\n\r\n        opacity: 1 !important;\r\n\r\n        height: auto !important;\r\n\r\n        line-height: 1.5 !important;\r\n\r\n    }\r\n\r\n   \r\n\r\n    .uk-sidebar-component .uk-submenu li a:hover,\r\n\r\n    .uk-sidebar-component .uk-submenu li a:focus {\r\n\r\n        background: #f8fafc !important;\r\n\r\n        color: #1a4b5c !important;\r\n\r\n        padding-left: 25px !important;\r\n\r\n        text-decoration: none !important;\r\n\r\n    }\r\n\r\n   \r\n\r\n    \/* Responsive Design *\/\r\n\r\n    @media (max-width: 768px) {\r\n\r\n        .uk-sidebar-component .uk-sidebar {\r\n\r\n            width: 100%;\r\n\r\n            max-width: 350px;\r\n\r\n        }\r\n\r\n    }\r\n\r\n   \r\n\r\n    @media (max-width: 480px) {\r\n\r\n        .uk-sidebar-component .uk-sidebar {\r\n\r\n            width: 100%;\r\n\r\n            padding: 15px;\r\n\r\n        }\r\n\r\n       \r\n\r\n        .uk-sidebar-component .uk-sidebar h3 {\r\n\r\n            font-size: 14px;\r\n\r\n            padding: 10px;\r\n\r\n            margin-bottom: 12px;\r\n\r\n        }\r\n\r\n       \r\n\r\n        .uk-sidebar-component .uk-menu-item > .uk-dropdown-toggle {\r\n\r\n            font-size: 14px;\r\n\r\n            padding: 10px 12px;\r\n\r\n        }\r\n\r\n       \r\n\r\n        .uk-sidebar-component .uk-submenu li a {\r\n\r\n            font-size: 13px !important;\r\n\r\n            padding: 6px 16px !important;\r\n\r\n        }\r\n\r\n    }\r\n\r\n<\/style>\r\n\r\n<\/head>\r\n\r\n<body>\r\n\r\n<div class=\"uk-sidebar-component\">\r\n\r\n    <aside class=\"uk-sidebar\" id=\"ukSidebar\" role=\"navigation\" aria-label=\"Saudi Arabia Guide Navigation\">\r\n\r\n        <h3>Saudi Arabia Business Guide<\/h3>\r\n\r\n        <ul class=\"uk-sidebar-menu\">\r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"uk-summary\">Saudi Arabia summary<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"uk-summary\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/>Saudi Arabia summary!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/#benefits-and-problems>Why start a business here?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/#benefits-and-problems>Problems with doing business here?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/business-relationship\/>Business relationship with other GCC countries?<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n           \r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"uk-structuring\">Saudi Arabia corporate structuring<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"uk-structuring\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/company-formation-professional-services\/>Company set up strategy<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/business-entities\/>Business entity types!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/misa-licensing\/>MISA company registration!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/commercial-agency-agreement-2\/>The Commercial Agency Agreement!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/commercial-agency-agreement\/>Commercial agency agreement and Representative offices?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/e-commerce-business\/>E-commerce business?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/iktva\/>In-Kingdom Total Value Add (IKTVA) Program registration?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/14-steps-to-incorporating-in-saudi-arabia\/>14 steps to register an LLC!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/business-considerations\/>What can go wrong during business setup?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/gro\/>Government Relations Officer (GRO)?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/llp\/>The Limited Liability Partnership<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n           \r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"fees-timelines\">Fees and timelines<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"fees-timelines\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/fees-timelines\/>Engagement fees?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/fees-timelines\/>Timelines?<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n           \r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"cash-flow\">Cash flow considerations<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"cash-flow\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/support-services\/>Corporate banking solutions?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/e-commerce-business\/>E-commerce sales!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/services\/cash-flow-improvement-services\/>Cash flow improvement services!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/services\/global-marketing-services\/>Market penetration strategies?<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n           \r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"legal-accounting\">Legal + accounting + tax<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"legal-accounting\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/accounting-and-tax\/>Accounting and tax considerations?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/withholding-tax\/>Withholding tax!<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n           \r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"support-services\">Business set up support services<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"support-services\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/government-grants-and-incentives\/>Government grants and incentives!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/recruitment\/>Human resources services<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/services\/staff-recruitment\/>Employee considerations!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/virtual-office\/>Find office premises!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/trademark\/>Trademark registration?<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/company-formation-professional-services\/registering-a-holding-company\/support-services\/>Other support services!<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n           \r\n\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"other-info\">Other country information<\/div>\r\n\r\n                <ul class=\"uk-submenu\" id=\"other-info\">\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/other-information\/>Success tips when doing business in Saudi Arabia!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/other-information\/>Interesting facts about Saudi Arabia!<\/a><\/li>\r\n\r\n                    <li><a href=https:\/\/cla.global\/saudi-arabia-company-registration\/other-information\/>FAQ?<\/a><\/li>\r\n\r\n                    <li><a href=\"#\">Client case studies!<\/a><\/li>\r\n\r\n                <\/ul>\r\n\r\n            <\/li>\r\n\r\n        <\/ul>\r\n\r\n    <\/aside>\r\n\r\n<\/div>\r\n\r\n \r\n\r\n<script>\r\n\r\n(function() {\r\n\r\n    'use strict';\r\n\r\n   \r\n\r\n    let isInitialized = false;\r\n\r\n   \r\n\r\n    function initUKSidebar() {\r\n\r\n        if (isInitialized) return;\r\n\r\n       \r\n\r\n        console.log('Saudi Arabia Sidebar: Initializing for Elementor');\r\n\r\n       \r\n\r\n        document.addEventListener('click', function(e) {\r\n\r\n            if (!e.target.closest('.uk-sidebar-component')) {\r\n\r\n                return;\r\n\r\n            }\r\n\r\n           \r\n\r\n            if 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elementor-widget-heading\" data-id=\"11497b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Saudi Arabia accounting and tax considerations<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c89f92 elementor-widget elementor-widget-text-editor\" data-id=\"9c89f92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants, part of\u00a0<a href=\"https:\/\/www.hawksford.com\/?__hstc=263998099.8fc379d1589199479a34bc57d6a336b7.1753168644432.1761820068596.1761823133854.195&amp;__hssc=263998099.12.1761823133854&amp;__hsfp=3316135607\" target=\"_blank\" rel=\"noopener\">Hawksford<\/a>\u00a0assists multi-national Clients\u2019 to timely accurately and completely discharge their annual legal &amp; accounting and tax statutory reporting obligations. This web page will help your Firm understand the Saudi Arabian tax system and reporting obligations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64fd4a3 elementor-widget elementor-widget-n-accordion\" data-id=\"64fd4a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1050\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1050\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Summary of taxation <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1050\" class=\"elementor-element elementor-element-a3f95a1 e-con-full e-flex e-con e-child\" data-id=\"a3f95a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9636a14 elementor-widget elementor-widget-text-editor\" data-id=\"9636a14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol class=\"tick\"><li>Corporation tax is 20%. KSA adopts a worldwide principal of taxation, whereby all income of KSA tax resident entities generated within or outside of KSA should be subject to taxation in Saudi Arabian.<\/li><li>Capital gains tax is 20%. For example, an overseas shareholder selling shares in a private KSA resident company will suffer 20% on the capital gain. Assets transferred between Group companies are exempt from this tax.<\/li><li>Saudi Arabia\u2019s VAT tax rate is 15%. Taxpayers must submit the VAT return electronically by the end of the following month, together with the required payment.<\/li><li>Overseas remittance payments trigger Saudi Arabian\u00a0withholding tax\u00a0of between 5% and 20% based on\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0type of service and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0whether the beneficiary is a related party and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0the existence of a double tax treaty. For example, dividends withholding tax is 5%. Management fees withholding tax is 20%. Payments made to non-resident related parties (or head office) for Technical and Consulting services and International Telecommunication services only suffer 5% withholding tax.<\/li><li>Presently, there is no employment tax in Saudi Arabia. However, employers are required to pay monthly social security and pension contributions. Employer contributions amount to 12% for Saudi employees and 2% for foreign employees.<\/li><li>Saudi Arabia has over 50 Double Taxation Agreements (DTAAs) including UAE, Singapore, Hong Kong, China, Russia, India, Ireland, UK or South Africa. See the full list together with the\u00a0<a href=\"https:\/\/gazt.gov.sa\/en\/RulesRegulations\/Agreements\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener nofollow\">details of each agreement here<\/a>.<\/li><li>If a Saudi Arabian company is a joint venture between a Saudi\/GCC shareholder and a foreign shareholder, the portion of taxable income attributable to the foreign shareholder will suffer 20% corporation tax and 5% withholding tax applicable on the distribution of dividends to the non-resident shareholders. The Saudi shareholder\u2019s share of annual net profits is subject to Zakat.<\/li><li>Most imported goods are subject to Customs duty at a rate between 0% to 25%. Many businesses and facilities continue to apply for the industrial exemption program, which allows the duty-free import of goods when the importer has an industrial exemption in place.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1051\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1051\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Summary of filings <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1051\" class=\"elementor-element elementor-element-3f40a3f e-con-full e-flex e-con e-child\" data-id=\"3f40a3f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e42fc05 elementor-widget elementor-widget-text-editor\" data-id=\"e42fc05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Here, our team have summarised the most common filings applicable to most of companies in Saudi Arabia. From this table you should be able to better understand compliance requirements.<\/p>\n<table id=\"tablepress-12\" class=\"tablepress tablepress-id-12\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Filing<\/th><th class=\"column-2\">Gov agency<\/th><th class=\"column-3\">Description<\/th><th class=\"column-4\">Deadline<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Corporate Income Tax<\/td><td class=\"column-2\">Zakat, Tax and Customs Authority<\/td><td class=\"column-3\">All KSA tax resident companies are subject to 20% corporation tax. Audited financial statements must be filed together with the corporate tax return.<\/td><td class=\"column-4\">Annual filing within 4 months of the year-end<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Audit of Financial Statements<\/td><td class=\"column-2\">Ministry of Commerce (Qawaem)<\/td><td class=\"column-3\">Audit is mandatory for all foreign companies regardless whether the company is active or dormant. For a KSA company, an audit exemption may be applicable. All financial statements must be prepared in accordance with International Financial Reporting Standards (IFRS) and in Arabic.<\/td><td class=\"column-4\">Annual filing within 6 months of the year-end<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Transfer Pricing Declarations<\/td><td class=\"column-2\">Zakat, Tax and Customs Authority<\/td><td class=\"column-3\">All KSA tax resident companies are subject to transfer pricing provisions and required to prepare prepare the master file, local file and country-by-country report.<\/td><td class=\"column-4\">Annual filing within 4 months of the year-end<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">VAT Returns<\/td><td class=\"column-2\">Zakat, Tax and Customs Authority<\/td><td class=\"column-3\">All KSA tax resident companies are required to file a VAT return regardless whether the company is active or dormant. Companies with annual turnover of more than SAR 40 million are required to file VAT returns on a monthly basis.<\/td><td class=\"column-4\">Quarterly filing before the end of the following month (annual turnover is less than SAR 40 million).<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Withholding Tax Return<\/td><td class=\"column-2\">Zakat, Tax and Customs Authority<\/td><td class=\"column-3\">All KSA tax resident companies with foreign transactions must levy withholding tax on the amounts paid to the non-resident according to the applicable rates.<\/td><td class=\"column-4\">Monthly filing within 10 days of the month-end<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">E-invoicing (FATOORA) system<\/td><td class=\"column-2\">Zakat, Tax and Customs Authority<\/td><td class=\"column-3\">All tax resident entities are required to generate, store and issue electronic tax invoices using compliant e-invoicing systems.<\/td><td class=\"column-4\">Continuous<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-12 from cache -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1052\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1052\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Compliance considerations <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1052\" class=\"elementor-element elementor-element-eeae46e e-con-full e-flex e-con e-child\" data-id=\"eeae46e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c6de23 elementor-widget elementor-widget-text-editor\" data-id=\"0c6de23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol class=\"tick\"><li>Within 4 months of the year-end, a corporation tax return must be filed with the\u00a0<a href=\"https:\/\/www.gazt.gov.sa\/irj\/portal?ume.logon.locale=en\" target=\"_blank\" rel=\"noopener nofollow\">Department of Zakat and Income Tax (DZIT)<\/a>\u00a0and tax must be paid. The corporation tax system is one of self-assessment. Advance corporation tax payments are required to be made in June and September and December.<\/li><li>To arrive at taxable income for a Saudi Arabian business, non-deductible expenses include\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0salaries paid to owners or partners or shareholders and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0social security contributions paid abroad and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0all kinds of provisions (e.g. end of service, provision for bad debt, etc.) and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0indirect administrative and general expenses allocated on estimated basis and\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0loan charges and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0payment by branches to their head offices for royalties.<\/li><li>Within four months from the end of the financial year end, the annual audited financial statements are required to be uploaded on the MOCI\u2019s web portal. All financial statements must be prepared in accordance with International Financial Reporting Standards (IFRS) and in Arabic.<\/li><li>All Saudi Arabia companies are required to maintain an\u00a0<a href=\"https:\/\/zatca.gov.sa\/en\/E-Invoicing\/Introduction\/Pages\/What-is-e-invoicing.aspx\" target=\"_blank\" rel=\"noopener nofollow\">E-Invoicing<\/a>\u00a0system, directly integrated with\u00a0<a href=\"https:\/\/zatca.gov.sa\/en\/pages\/default.aspx\" target=\"_blank\" rel=\"noopener nofollow\">ZATCA<\/a>\u2019s systems. Accounting records must be maintained in Arabic and kept in Saudi Arabia. Computerised accounting systems are allowed, provided they comply with the requirements of the MOC and that Arabic printouts of the accounts are generated on a regular basis.<\/li><li>The withholding tax payer is required to\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0pay tax withheld to the DZIT within 10 days of the month-end and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0issue a certificate to the payee stating the amount of payment and tax withheld.<\/li><li>Irrespective of value or mode of transportation, the documents required for all commercial shipments to Saudi Arabia include\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0a commercial invoice and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0a certificate of origin and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0a bill of lading (or airway bill) steamship (airlines) company certificate and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0an insurance certificate and\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0a packing list and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0evidence of payment to a non-resident and\u00a0<span class=\"yellow-roman\">vii)<\/span>\u00a0vendor or bank guarantee.<\/li><li>Saudi Arabia has signed the Multilateral Convention (MLI) to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS). The MLI allows countries to implement the anti-tax treaty abuse BEPS measures and other aspects of the OECD BEPS program into existing double tax treaties (DTTs).<\/li><li>Saudi Arabia has Transfer Pricing Guidelines largely aligned with those published by the Organisation of Economic Development including the requirements to prepare the master file, local file and country-by-country report. Companies are required to furnish an annual transfer pricing return (referred to as Disclosure Form of Controlled Transactions or DFCT) along with an affidavit which is to be obtained from a Licensed Accountant, confirming whether the controlled (i.e. related party) transactions are in line with the Group\u2019s transfer pricing policy.<\/li><li>The levels of paid-up share capital requirement varies from US$26,000 to US$8million, depending on business activities and planned investments in the country.<\/li><li>Company directors are appointed, replaced, and dismissed by the shareholders. The identities of shareholders and directors are on the public register.<\/li><li>The process of deregistering a company is dictated by the government. It takes a minimum six months. CLA Consultants\u2019 fee to project manage company de-registration is US$ 12,550 (excluding accounting and audit fees). During this six-month period it is mandatory to maintain a resident company secretary and legal registered office.<\/li><li>Saudi Arabia is a founding member of the Gulf Cooperation Council (GCC), which also includes Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates. While still under development, the GCC Customs Union formally ensures the free movement of labor and capital within the bloc. The GCC currently maintains free trade agreements (FTAs) with Lebanon, Singapore, South Korea, Pakistan, the European Free Trade Association (Norway, Switzerland, Iceland, and Liechtenstein), and the Greater Arab Free Trade Area of 18 Arab countries.<\/li><li>Saudi Arabia holds membership of several councils and international organizations, such as\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0United Nations (UN) and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0World Trade Organization and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0Organization of Petroleum Exporting Countries (OPEC) and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0Gulf Cooperation Council (GCC) and\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0Organization of Islamic Cooperation (OIC) and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0Arab League and\u00a0<span class=\"yellow-roman\">vii)<\/span>\u00a0G20 and\u00a0<span class=\"yellow-roman\">viii)<\/span>\u00a0BRICS.<\/li><li>Saudi Arabia has acceded to the Paris Convention for Protection of Industrial Property including trademarks, patents, and copyright.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1053\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1053\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> How we can help our multi-national Clients <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1053\" class=\"elementor-element elementor-element-727168d e-con-full e-flex e-con e-child\" data-id=\"727168d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c18f4b3 elementor-widget elementor-widget-text-editor\" data-id=\"c18f4b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CLA Consultants Group will be happy to help our multi-national Clients\u2019 with:<\/p><ol class=\"tick\"><li>Monthly\u00a0book-keeping services, maintaining accounting records in Arabic and in compliance with the requirements of the MOC.<\/li><li>Monthly and quarterly\u00a0Government reporting including\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0VAT and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0payroll and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0withholding tax and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0advance corporation tax payments.<\/li><li>Human resource services including recruitment and\u00a0payroll management.<\/li><li>Supervision\u00a0of the independent statutory annual audit.<\/li><li>Timely filing of annual corporation tax return and audited financial statements.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ba0fc7d e-flex e-con-boxed e-con e-parent\" data-id=\"ba0fc7d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-819e531 e-flex e-con-boxed e-con e-parent\" data-id=\"819e531\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d13394f e-con-full e-flex e-con e-child\" data-id=\"d13394f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-7a9ac71 e-con-full e-flex e-con e-child\" data-id=\"7a9ac71\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7cb5afa e-flex e-con-boxed e-con e-child\" data-id=\"7cb5afa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fcccf9f elementor-widget elementor-widget-html\" data-id=\"fcccf9f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n\r\n.uk-company-widget * {\r\nbox-sizing: border-box !important;\r\n}\r\n\r\n\/* CTA Section *\/\r\n.uk-cta {\r\npadding: 40px !important;\r\nborder-radius: 10px !important;\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\ntext-align: center !important;\r\nfont-size: 20px !important;\r\nfont-weight: bold !important;\r\nmargin: 30px 0 !important;\r\nbox-shadow: 0 5px 15px rgba(0,0,0,0.1) !important;\r\n}\r\n\r\n\/* Buttons *\/\r\n.uk-btn {\r\ndisplay: inline-block !important;\r\npadding: 10px 20px !important;\r\nborder-radius: 6px !important;\r\nfont-weight: bold !important;\r\nborder: none !important;\r\ncursor: pointer !important;\r\ntransition: all 0.3s ease !important;\r\ntext-decoration: none !important;\r\nfont-size: 14px !important;\r\n}\r\n\r\n.uk-btn-gradient {\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\n}\r\n\r\n.uk-btn-gradient:hover {\r\nopacity: 0.9 !important;\r\n}\r\n\r\n\/* Contact Section *\/\r\n.uk-contact {\r\nborder: 1px solid #e2e8f0 !important;\r\nborder-radius: 8px !important;\r\nbackground: #f1f5f9 !important;\r\npadding: 20px !important;\r\nmargin: 20px 0 0 0 !important;\r\n}\r\n\r\n.uk-contact h4 {\r\nmargin: 0 0 10px 0 !important;\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n.uk-contact p {\r\nmargin: 0 0 15px 0 !important;\r\ncolor: #475569 !important;\r\n}\r\n\r\n.uk-person {\r\ndisplay: flex !important;\r\nalign-items: center !important;\r\ngap: 15px !important;\r\n}\r\n\r\n.uk-person img {\r\nwidth: 60px !important;\r\nheight: 60px !important;\r\nborder-radius: 50% !important;\r\nflex-shrink: 0 !important;\r\n}\r\n\r\n.uk-person strong {\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n\/* Responsive Design *\/\r\n@media (max-width: 480px) {\r\n.uk-cta {\r\npadding: 30px 20px !important;\r\nfont-size: 18px !important;\r\n}\r\n}\r\n\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n\r\n\r\n\r\n\r\n\r\n<!-- CTA -->\r\n<div id=\"uk-cta-section\" class=\"uk-cta\">\r\nRegister your company now! <br>\r\nCLA Group has the solution to help you grow.\r\n<\/div>\r\n\r\n<!-- Contact -->\r\n<div class=\"uk-contact\">\r\n<h4>Contact us<\/h4>\r\n<p>For more info on company registration, please contact our expert directly:<\/p>\r\n<div class=\"uk-person\">\r\n\r\n<div>\r\n<strong>Mr. Petar Chakarov<\/strong><br>\r\nSenior Manager, Sales & Business Development<br>\r\n<a href=\"https:\/\/cla.global\/free-consultation\/\" class=\"uk-btn uk-btn-gradient\">\r\n\r\nGet in touch\r\n\r\n<\/a>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CLA assists multi-national Clients\u2019 with business set up in every country on the planet.<\/p>\n<p>For transparency purposes and to help multi-national Clients\u2019 budget future engagement fees, this page outlines average total engagement fees for every country on the planet.<\/p>\n<p>Click on the regional headings to see fees for every jurisdiction around the world.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-988278","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/pages\/988278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/comments?post=988278"}],"version-history":[{"count":46,"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/pages\/988278\/revisions"}],"predecessor-version":[{"id":989800,"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/pages\/988278\/revisions\/989800"}],"wp:attachment":[{"href":"https:\/\/cla.global\/saudi-arabia-company-registration\/wp-json\/wp\/v2\/media?parent=988278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}