Saudi Arabia's General Authority for Zakat and Tax (GAZT) has published the second edition of its Transfer Pricing Guidelines, dated May 2020. The guidelines serve to provide insight and guidance on the transfer pricing practice of Saudi Arabia and represent the GAZT's views on the application of the country's Transfer Pricing Bylaws, which generally apply from the fiscal year ending 31 December 2018. The scope of topics covered in the second edition are generally unchanged, although some ad…