Saudi Arabia issues drafts of new Income Tax Law and Zakat and Tax Procedures Law for public consultation

10 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Saudi Arabia

Following recent amendments and proposal for amendments of the current tax and zakat regulations, Saudi Arabia has issued a new draft Income Tax Law and a Zakat and Tax Procedures Law for public consultation.
The objectives of the new laws are to align the Saudi tax regulations with international best practices, improve transparency and unify the procedural protocols for tax and zakat regulations.
Public consultation on the new draft laws is open until 25 December 2023.

Executive summary

On 25 Octob…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.