GAZT is keen to review specialists' and the public's comments about the regulations before issuing or amending them.
Transfer pricing refers to specific activities of multinational enterprise groups (MNEs) in setting prices for intercompany transactions between the companies that form part of such MNEs; these companies are commonly referred to as ‘related parties” or “parties under common control”.
General Authority for Zakat and Tax (GAZT) announces the publication of the draft executive regulations for Zakat’s collection, which comes in implementation of the Royal Decree No. (40), dated 2/7/1405 Hijri, after making some amendments on the regulation content.
The purpose of this Law is to make the Kingdom a hub for new digital services, including cloud computing, through attracting investments in informational technology and digital services by offering tax and non-tax based incentives to prospective investors.