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

|Tax Alerts, Information Reporting, Legis ...|Saudi Arabia
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,…

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