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Saudi Arabia has formally issued the much-anticipated regulatory frameworks governing several key Special Economic Zones (SEZs).

Saudi Arabia continues to strengthen its tax landscape as part of its broader economic transformation and alignment with global standards. With many multinational groups establishing Regional Headquarters in the Kingdom as part of the Regional HQ Programme, the role of the Zakat, Tax and Customs Authority (ZATCA) has become even more significant. Regional HQs are now expected to demonstrate robust compliance, transparent reporting, and clear economic substance within Saudi Arabia.

The Zakat, Tax and Customs Authority (ZATCA) has extended the fine cancellation and penalty exemption initiative until December 31, 2025. This extension provides a further opportunity for businesses to regularise their tax affairs and benefit from significant financial relief.