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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.

Reference
Corporate Income Tax Rate (%) 20%
Branch Tax Rate (%) 20%
Withholding Tax Rate:
Dividends – Franked 5%
Dividends – Unfranked 5%
Dividends – Conduit Foreign Income 5%
Interest 5%
Royalties from Intellectual Property 15%
Fund Payments from Managed Investment Trusts 5%
Branch Remittance Tax 5%
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 Income Tax Payable – Residents Tax Payable – Non Residents
N/A N/A

Goods and Services Tax (GST)

Rate 15%
Taxable Transactions All economic activities within Saudi Arabia of resident and non-resident companies.
Registration Mandatory registration for any economic activity above SAR 375,000.
Filing and Payment For sales above SAR 40 m, monthly filing; below SAR 40 m, quarterly filing.

Other Taxes Payable

Tax Reference
Payroll Tax N/A
Stamp Duty N/A
Land Tax N/A

Last updated: 31.10.2020