Tag: Saudi Arabia
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Transfer Pricing Bylaws issued in February 2019 in Saudi Arabia
On 15 February 2019, Saudi Arabia’s General Authority of Zakat and Tax (GAZT, now ZATCA) issued the final Transfer Pricing (TP) Bylaws, marking a significant development in the country’s tax and compliance landscape. These Bylaws were published after a public consultation on a draft version released in December 2018 and were accompanied by a detailed FAQ…
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Country-by-Country Reporting (CbCR) in Saudi Arabia
Saudi Arabia, as a member of the OECD/G20 Inclusive Framework on BEPS, has adopted the requirements under Action 13, including Country-by-Country Reporting (CbCR). The Kingdom introduced its domestic CbCR rules in 2018 and has developed a clear framework for multinational groups to ensure compliance with international tax transparency standards. This guide outlines the key regulatory…
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How CbC reporting is presented in Saudi Arabia
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Saudi Arabia, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than SAR 3.2 billion…
CbC Reporting 