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Taxation in Saudi Arabia is constantly evolving as the government looks for new ways to generate revenue and promote economic development. As a country that has traditionally avoided taxation, the new Saudi tax system is still in its infancy. However, the government is committed to modernising the tax system and making it more efficient. In recent years, there has been a concerted effort towards the increased digitisation of both commercial and government interactions.

When banks raise interest rates, it affects the economy in different ways. Consumers may spend less because it costs more to borrow money, while savers may benefit from higher interest rates on their deposits. Investors may also be impacted, as higher rates can make stocks less attractive compared to bonds. All of these factors can have an impact on Saudi Arabia, both domestically and in its role as a key player in the global economy.

Sustainability has become one of the most pressing concerns of our time. The term is used to describe the need to protect and conserve our natural resources while ensuring that future generations have the same access to them. To achieve this, organisations must take a sustainable approach to their operations. This means adopting practices that minimise the impact of their activities on the environment and ensure that they can continue to operate in the long term.

The Zakat, Tax and Customs Authority (ZATCA) has announced a tax amnesty initiative, which will provide taxpayers with the option of cancellation and or removal of tax penalties relating to taxes covered in the tax laws including Value-Added Tax (VAT), Corporate Income Tax (CIT) and Withholding Tax (WHT), on the condition that the taxpayers settle the principal tax claims by November 30, 2022.

As the GCC region moves away from an era of oil dependency, many of its member states are implementing new taxes as part of a wider fiscal reform agenda. Economic diversification has been a key focus for policymakers in recent years, and taxes are seen as one way to generate non-oil revenue and promote sustainable growth.

Upcoming changes in Saudi Arabia are set to challenge traditional business models and mindsets. With 2030 only eight years away, the rapid changes being implemented as part of the national transformation program are only set to increase in pace and magnitude.

As the capital city of Saudi Arabia, Riyadh is key to the realisation of Crown Prince Mohammed bin Salman's visionary national development program. Given its centrality to the Kingdom's plans for social and economic transformation, the city is in the midst of rapid changes. What does this mean for businesses in Saudi Arabia and beyond? Investors, both domestic and international, are bound to take note of the considerable opportunities that will come with the realisation of the ambitious goals set out in Riyadh 2030.

We live in an era defined by recurring crises. When the global pandemic disrupted once-reliable supply chains in 2020, and two years later the globe was hit by an unanticipated energy crisis, businesses of all sizes were forced to reckon with the fact that their risk management practices might not be as robust as they thought

The creative industry is a major contributor to the cultural scene in KSA, providing richness and diversity. Saudi Arabia’s government recognizes the importance of this emerging industry and has made it a key pillar of its Vision 2030 plan

The United Kingdom is one of the most influential countries in the world, both politically and economically. With a thriving capital city and bustling business scene, there are many opportunities for investors looking to go beyond their current horizons and explore new territories.

This paper draws out key points made by the GPPC roundtable participants and highlights areas where there is both convergence and divergence of opinion.

The United States of America is the world's foremost economic and military power, as well as a leading cultural force. It is home to some of the world's most innovative businesses and has a highly skilled and educated workforce. For decades, the U.S. has attracted top talent from around the globe, making it a hub for creativity and innovation. In the global cultural psyche, the country is considered "the land of opportunity" and for many investors, it is seen as a safe and stable place to do business.

IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB).

Saudi Arabia has the largest economy in the Arab League and the 19th largest in the world. However, reliance on oil revenues has made the Saudi economy vulnerable to fluctuations in global energy prices.

General sustainability sustainability-related disclosure requirements and climate-related disclosure requirements consultations released by the the International Sustainability Standards Board (ISSB).

The role of the family business in Saudi Arabia is significant and has been a mainstay of the economy for the past century. These businesses provide the majority of private-sector employment and are now seen as a key driver of economic diversification.