The Zakat, Tax, and Customs Authority (ZATCA) has published a draft Income Tax Law for public consultation. The draft reforms the income tax legislation, in keeping with global best practices and the visions and objectives of the Kingdom. Its primary goals are to 鈥渆ncourage Foreign Direct Investment (FDI) without impeding overall economic advancement, foster transparency, and encourage voluntary compliance among taxpayers.鈥� Note that the draft does not make significant changes related to the liable persons (taxpayers). The due date to submit comments and feedback on the draft through the public consultation platform (Istitlaa) is 25 December 2023.
The proposed draft can be accessed on Istitlaa through this .
For detailed discussions on how the proposed amendments can affect your business, please contact our tax team:
Riyadh Office
Tareq Al Sunaid Head of Tax |
Salam Eido Partner, Head of Tax - Riyadh
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Ali Sainudheen Partner, Domestic Tax
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Sadia Nazir Senior Director, Head of Transfer Pricing and International Tax |
Jigna Sampath Senior Director, Transfer Pricing/ Tax Leader, Financial Sector |
Ajay Garg, Principal, Indirect Tax |
Amr Alsaleh Director, Domestic Tax
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Oleg Shmal Director, Indirect Tax
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Jeddah Office
Faisal Tanvir Partner, Head of Tax - Jeddah |
Anan Sijini Director, Domestic Tax |
Asadullah Azmat Director, Indirect Tax |
Khobar Office
Mohammad Kamran Sial Partner, Head of Tax - Khobar |
Mohamed Gouda Director, Domestic Tax
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Anil Bahl Director, Indirect Tax
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