What is the corporate tax rate in Saudi Arabia?
Saudi Arabia's corporate tax rate is 20% for most foreign-owned companies. However, different rates apply for sectors like oil and gas (85%) and Saudi/GCC-owned companies may have different obligations including Zakat.
When does UAE corporate tax come into effect?
UAE corporate tax is effective for financial years starting on or after June 1, 2023, with a standard rate of 9% for taxable income exceeding AED 375,000.
How do I register for corporate tax in Saudi Arabia?
Registration involves obtaining a tax identification number through ZATCA's online portal, submitting required documentation, and completing the registration process. Our team can guide you through each step.
What are the corporate tax filing deadlines in both countries?
In Saudi Arabia, tax returns must be filed within 120 days of fiscal year-end. UAE corporate tax returns are due within 9 months from the end of the relevant tax period.