On 5 December 2023, the Saudi Press Agency issued a release on a 30-year tax incentive package for the Regional Headquarters (RHQ) Program, which promotes the establishment of RHQs in Saudi Arabia. This includes a 0% corporate income tax rate and a 0% withholding tax rate related to approved RHQ activities.
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30-Year Tax Relief Added to Incentives for the Saudi Program for Attracting Regional Headquarters of Multinational Companies
Riyadh, December 05, 2023, SPA -- The Ministry of Inve…