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Saudi Arabia approves amendments to Income Tax Bylaws and Zakat Regulations

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

  • Saudi Arabia has approved the amendments to the Income Tax Bylaws and Zakat Regulations.
  • Amendments to the Income Tax Bylaws relate primarily to interest charges on capital assets, employers' retirement fund contributions, appeals processes and withholding tax rates.
  • Under the amendment to the Zakat Regulations, Zakat guidelines and rulings are now binding on the Zakat, Tax and Customs Authority (ZA…

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