Saudi Arabia

Financial Year – 1 October – 30 September
Currency – Saudi riyal (SAR)

Corporate Tax Summary

Residence – Corporate tax at the rate of 20% is applicable for non-resident companies. Income tax is not applicable for resident companies.

Basis of Taxation – Adjustable reported net income.

Corporate Income Tax Rate (%)20%
Branch Tax Rate (%)20%
Withholding Tax Rate:
Dividends – Franked5%
Dividends – Unfranked5%
Dividends – Conduit Foreign Income5%
Royalties from Intellectual Property15%
Fund Payments from Managed Investment Trusts5%
Branch Remittance Tax5%
Net Operating Losses (Years)
Carry Back
Carry Forward

Individual Tax Summary

Residence – Individual tax is not applicable in Saudi Arabia.

Basis of Taxation – Individual tax is not applicable in Saudi Arabia.

Filing Status – Individual tax is not applicable in Saudi Arabia.

Personal Income Tax Rates

Taxable IncomeTax Payable – ResidentsTax Payable – Non Residents

Goods and Services Tax (GST)

Taxable TransactionsAll economic activities within Saudi Arabia of resident and non-resident companies.
RegistrationMandatory registration for any economic activity above SAR 375,000.
Filing and PaymentFor sales above SAR 40 m, monthly filing; below SAR 40 m, quarterly filing.

Other Taxes Payable

Payroll TaxN/A
Stamp DutyN/A
Land TaxN/A

Last updated: 31.10.2020