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…