Saudi Arabia: Proposed amendments to tax and Zakat regulations for public consultation purposes

The Zakat, Tax and Customs Authority published proposed amendments for public consultation purposes.

Proposed amendments to tax and Zakat regulations for public consultation purposes

The Zakat, Tax and Customs Authority (ZATCA) published proposed amendments to Zakat, income tax, excise tax, value added tax (VAT), and real estate transaction tax laws and implementing regulations for public consultation purposes.

The due dates to submit the comments on the proposed amendments through the public consultation platform (Istitlaa) are as follows:

Proposed Amendments 

  Due Date 

Zakat implementing regulations

13 June 2023

Income tax bylaws

13 June 2023

Excise tax implementing regulations

13 June 2023

VAT law implementing regulations

13 June 2023

Real estate transaction tax implementing regulations

13 June 2023

Income tax law

28 June 2023

Excise tax law 

28 June 2023

VAT law

28 June 2023

KPMG observation

Taxpayers need to use this opportunity to provide their suggestions on the proposed amendments through the public consultation platform before the due dates.


For more information, contact a KPMG tax professional:

Philippe Stephanny | philippestephanny@kpmg.com

 

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