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Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from IAS 1 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.

Last-mile delivery refers to the final stage of the logistics journey, where goods move from a fulfilment centre, hub, or distribution point to the end customer. While it is operationally the “last” step, it is often the most visible, complex, and costly part of the entire supply chain.

Saudi Arabia’s 2026 budget marks a pivotal moment in the Kingdom’s economic transformation. As the country enters the second half of Vision 2030, the budget signals a confident shift from large-scale infrastructure delivery to a more mature phase defined by diversification, private-sector expansion, and long-term fiscal stability. This page highlights the most important themes shaping the coming year, what they mean for companies already operating in the Kingdom and why international investors are finding Saudi Arabia one of the most compelling markets globally.

Emerging technologies are at the forefront of Saudi Arabia’s drive to achieve Vision 2030, reshaping industries and enhancing global competitiveness.

In the midst of a rapidly unfolding AI revolution, digital trust is emerging as the cornerstone of Saudi Arabia’s future economy.

Emerging technologies such as collaborative sensing and generative watermarking are reshaping the concept of modern infrastructure.

Saudi Arabia is rapidly emerging as a premier destination for global investment and business expansion, driven by the transformative vision of Vision 2030.

In a significant step towards strengthening urban development and real estate reform, the Ministry of Municipal, Rural Affairs and Housing (MOMRAH) has announced the issuance of the updated Executive Regulations for the White Land Fees on 28/2/1447H (22 August 2025). The new regulations form part of Saudi Arabia’s ongoing efforts to promote efficient land use, stimulate housing development, and achieve the broader objectives of Saudi Vision 2030.

Grant Thornton Saudi Arabia has signed a Memorandum of Understanding (MoU) with the Association of Chartered Certified Accountants (ACCA) to strengthen collaboration in advancing the accounting and finance profession across the Kingdom.

In a step toward greater transparency and alignment with global best practices, the GCC Financial and Economic Cooperation Committee has approved a new methodology for calculating excise tax on sweetened beverages.

Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRS Accounting Standards in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance. This edition provides guidance on some of the basic issues encountered in accounting for cryptocurrencies, focusing on the accounting for the holder.

2024 saw yet more turbulence and change around the world and in the markets where our member firms operate, from the ongoing war in Ukraine and the conflict in the Middle East to volatile economic markets and the explosion of AI.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements, and 2025 is no different.

On 26 September 2025, ZATCA announced the 24th wave of taxpayers required to implement phase 2 of e-invoicing integration. This wave extends the obligation to taxpayers whose taxable revenues exceeded SAR 375,000 during the years 2022, 2023, or 2024.

In 2023, the International Sustainability Standards Board (ISSB) issued its first two international IFRS Sustainability Disclosure Standards (IFRS SDS), IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’.

Revenue recognition is fundamental in all businesses, and it is important that it is recognised in a consistent and comparable way across industries and capital markets.