Saudi Arabia releases guidelines on related-party transactions for zakat purposes

14 December 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing|Saudi Arabia

The ZATCA has published new guidelines to clarify the zakat treatment of related-party transactions.
The guidelines classify related-party transactions in three categories: commercial transactions, indirect financing and direct financing.
The guidelines outline the applicability of the transfer pricing regulations and the transition phases, effective 1 January 2024.

Executive summary

In November 2023, Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) published the Guidelines on Related Party T…

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.