Tax Guide Saudi Arabia
Financial Year – 1 October – 30 September
Currency – Saudi riyal (SAR)
Corporate Tax Summary
Residence – Corporate tax at the rate of 20% is applicable for non-resident companies. Income tax is not applicable for resident companies.
Basis of Taxation – Adjustable reported net income.
| Reference | ||
| Corporate Income Tax Rate (%) | 20% | |
| Branch Tax Rate (%) | 20% | |
| Withholding Tax Rate: | ||
| Dividends – Franked | 5% | |
| Dividends – Unfranked | 5% | |
| Dividends – Conduit Foreign Income | 5% | |
| Interest | 5% | |
| Royalties from Intellectual Property | 15% | |
| Fund Payments from Managed Investment Trusts | 5% | |
| Branch Remittance Tax | 5% | |
| Net Operating Losses (Years) | ||
| Carry Back | ||
| Carry Forward |
Individual Tax Summary
Residence – Individual tax is not applicable in Saudi Arabia.
Basis of Taxation – Individual tax is not applicable in Saudi Arabia.
Filing Status – Individual tax is not applicable in Saudi Arabia.
Personal Income Tax Rates
| Taxable Income | Tax Payable – Residents | Tax Payable – Non Residents |
| N/A | N/A |
Goods and Services Tax (GST)
| Rate | 15% |
| Taxable Transactions | All economic activities within Saudi Arabia of resident and non-resident companies. |
| Registration | Mandatory registration for any economic activity above SAR 375,000. |
| Filing and Payment | For sales above SAR 40 m, monthly filing; below SAR 40 m, quarterly filing. |
Other Taxes Payable
| Tax | Reference |
| Payroll Tax | N/A |
| Stamp Duty | N/A |
| Land Tax | N/A |
Last updated: 31.10.2020