Tax and Audit Services in Saudi Arabia: A Complete Guide for Businesses
Introduction Saudi Arabia is one of the fastest-growing economies in the Middle East. With new investments, Vision 2030 reforms , and global partnerships, opportunities for businesses are expanding rapidly. But with growth comes responsibility—especially when it comes to tax and audit services in Saudi Arabia . Ensuring compliance with local laws not only avoids penalties but also builds credibility and financial stability. Understanding Tax in Saudi Arabia Businesses operating in the Kingdom must comply with several types of taxation, each regulated by the Zakat , Tax and Customs Authority (ZATCA) : Value Added Tax ( VAT ): Introduced in 2018 and currently set at 15%. Applies to most goods and services, with a few exemptions. Companies must register, file returns, and maintain accurate records. Zakat: A religious levy for Saudi and GCC-owned companies. Typically 2.5% of the company’s net worth or capital. Zakat filings are audited and must be accurately c...