Executive summary
Saudi Arabia’s General Authority of Zakat and Tax (GAZT) published a guide, on 6 July 2020, regarding electronic filing of contract information. Contract reporting is mandatory for commercial contracts worth SAR100,000 (US$26,667) or more. Taxpayers are now required to file the necessary information on the GAZT’s online portal.
Detailed discussion
Article 61(c) of the Income Tax Law and Article 58(2) of the related bylaws require taxpayers, including charities and government agenc…