Saudi Arabia: Tax incentives package for regional headquarters program
RHQ-licensed companies will benefit from 0% corporate income tax and withholding tax on eligible activities
RHQ-licensed companies will benefit from 0% corporate income tax and withholding tax
The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax, and Customs Authority (ZATCA), announced a tax incentives package for the regional headquarters (RHQ) program geared towards encouraging multinational corporations (MNCs) to base their regional headquarters in Saudi Arabia.
Under the new tax rules, RHQ-licensed companies will benefit from 0% corporate income tax and withholding tax on eligible activities undertaken for the duration of 30 years, subject to renewal.
For more information, contact a KPMG tax professional:
Philippe Stephanny | philippestephanny@kpmg.com
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