Doing business in Saudi Arabia

The 2024 tax guide

1 min read

Doing business guide 2024

Saudi Arabia is renowned for its rich history, vibrant culture, and strategic geographical position. Over the years, the Kingdom has solidified its status as a global hub for business and investment opportunities. The government has implemented various measures to further develop the Kingdom's economy, with Vision 2030 playing a pivotal role. The vision focuses on economic diversification through many initiatives such as limited deregulation, promotion of foreign investment, and targeted privatization. It continues to drive transformative changes across all sectors of the economy, creating endless commercial opportunities for businesses.

Dr. Abdullah Hamad Al Fozan
Chairman and CEO
KPMG Professional Services

About

In this guide, we aim to equip entrepreneurs, investors, and business professionals with essential insights to navigate the complexities of doing business in Saudi Arabia. We offer you a comprehensive guide on the taxation system, the rules for zakat, transfer pricing, and how these impact the continuously evolving business landscape—all crucial for successfully managing business operations in the Kingdom.

Key features

The latest developments in Saudi Arabia’s business landscape, giving you a quick look into the Regional Headquarters program, the Special Economic Zones, the Investment Law reforms, Global Minimum Taxation, visa processes, and regulations around personal data protection.

Comprehensive insights on Saudi Arabia's culture and traditions, legal system, language considerations, and foreign relations policies to navigate the business environment effectively.

A deep dive into the Kingdom’s taxation system, covering domestic tax compliance, zakat obligations, social insurance requirements, and other relevant tax-related updates.

Exploring transfer pricing regulations in Saudi Arabia and cross-border, ensuring compliance and optimizing tax strategies for multinational businesses operating within the Kingdom.