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Saudi Arabia issues drafts of new Income Tax Law and Zakat and Tax Procedures Law for public consultation

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

  • Following recent amendments and proposal for amendments of the current tax and zakat regulations, Saudi Arabia has issued a new draft Income Tax Law and a Zakat and Tax Procedures Law for public consultation.
  • The objectives of the new laws are to align the Saudi tax regulations with international best practices, improve transparency and unify the procedural protocols for tax and zakat regulations.
  • P…

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