News

GAZT holds VAT Forum, launches VAT website and helpline

5 November, 2017

16 August, 2017 The General Authority of Zakat and Tax (GAZT) concluded the VAT Forum in Riyadh on 16th August 2017. The forum, which was held under the patronage of GAZT Governor His Excellency Suhail Abanmi, is a major event that helps businesses in preparing for Value Added...

SAP Summit On Sales Tax

5 November, 2017

Join Mr. Hasan Othman (Executive Director, Associate Accountants) at SAP Summit on Sales Tax on November 13, 2017 at Marriott Riyadh as he will speak on 'Introduction to upcoming VAT & its implications.' Mr. Hasan Othman possess over 30 years of vast and varied experience in...

Ministry of Commerce and Industry "MCI" launches Qawaem services

8 February, 2015

The MCI in cooperation with Saudi Organization for Certified Public Accountants 'SOCPA' has launched Qawaem service. The service aims to provide a set of financial statements and information services through XBRL format for the use of public and private sectors. It also aims to...

FATCA compliance “Does it concern you in Saudi Arabia?”

8 February, 2015

What is FATCA? The provisions commonly known as the Foreign Account Tax Compliance Act (FATCA) became law in March 2010. FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts. FATCA focuses on reporting: By U.S. taxpayers about certain foreign financial...