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As Saudi Arabia advances its transformation agenda, foreign investment continues to flow into key sectors, fuelling infrastructure projects and expanding industrial capacity. With this momentum, however, comes greater scrutiny of international trade practices, particularly in relation to pricing strategies and the protection of domestic industries.

Although known for some time now, however, a refresher could be imperative as the Kingdom of Saudi Arabia further advances its Vision 2030 transformation. Multinational enterprises operating in the country must carefully navigate a dual fiscal framework that includes both religious and statutory obligations.

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.