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Blog The Transformation of Listed Companies in KSA

Saudi Arabia is the largest economy in the Middle East and is undergoing rapid transformation as part of its Vision 2030 plan. The plan aims to reduce the country's dependence on oil exports and diversify its economy. One of the key elements of this plan is the transformation of listed companies in Saudi Arabia to become more financially sound and efficient.

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Blog Saudi Arabia Announces Four New Special Economic Zones to Drive Economic Growth

Saudi Arabia, the largest economy in the Middle East, has recently announced plans to establish four additional Special Economic Zones (SEZs) as part of its ambitious Vision 2030 plan to diversify the economy and reduce its dependence on oil revenue. These SEZs are set to become key drivers of economic growth, attracting foreign investment, promoting innovation, and creating employment opportunities in the kingdom.

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Blog Evolution of the Financial Services Industry in KSA

The financial services industry is experiencing a seismic shift. Disruptive companies such as Uber and Airbnb have disrupted traditional businesses such as hotel chains and taxi firms with innovative technologies. In the same vein, financial technology (FinTech) startups are shaking up the financial services industry with innovative technologies that are changing how we bank, make payments, and invest.

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Aviation Insights Preparing for the return of travel

From liquidity to debt and restructuring, we address the diverse and complex challenges faced by airlines, leasing companies and aircraft funds in particular. We also consider implications for employers and how financial planning for the medium and long term will be affected.

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Blog Navigating KSAs Healthcare Industry

The healthcare industry in the Kingdom of Saudi Arabia (KSA) is among the most advanced in the Middle East, but there are strict financial reporting requirements that must be followed to ensure high-quality care for everyone. These requirements include tax, audit, and other advisory considerations, like data protection and cyber security. Let's take a closer look at what healthcare companies in KSA need to know.

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The transitional period for VAT increase across KSA

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The transitional period for VAT increase across KSA

02 Jun 2020

According to the decision issued by the Government of the Kingdom of Saudi Arabia Ministry of Finance on 11 May 2020 announced several measures, one of them was to increase the Value Added Tax (VAT) rate from 5% to 15% effective from 1 July 2020.

In this regard, General Authority of Zakat and Tax (GAZT) has issued Guidance on the transitional provisions that would need to be considered for supplies that are made during the transitional period.

We provide a summarised overview.

Contact our team to discuss this update further.

Download the pdf

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Related Experts

Imad Adileh

Principal Saudi Arabia

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Mohamed Hwitat

Director Saudi Arabia

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