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In Saudi government procurement, the lowest price no longer guarantees the strongest bid. Local content now sits alongside price, technical capability and delivery experience as a determinant of competitiveness, directly linking a company’s domestic economic contribution to its ability to win certain public-sector contracts.
The Zakat, Tax and Customs Authority (ZATCA) has introduced a new electronic Annual Disclosure Form for Regional Headquarters (RHQs), reinforcing the importance of economic substance and ongoing compliance with Saudi Arabia’s RHQ Tax Rules.
Our IFRS Viewpoint provides insights on applying IFRS Accounting Standards in challenging situations. Each issue will focus on an area where the IFRS Accounting Standards have proved difficult to apply or lack guidance. This issue considers how a purchaser accounts for discounts and rebates when buying inventory.
Corporate reporting in Saudi Arabia is entering a period of significant development. Financial statements are increasingly being considered alongside information about sustainability-related risks and opportunities, governance, strategy and long-term value creation. Investors, regulators and other stakeholders are looking for reports that provide a clearer explanation of how these factors interact and influence an organisation’s prospects.
Saudi Arabia's tax environment is undergoing a significant digital transformation. The introduction of electronic invoicing, the continued development of digital tax administration and the increasing use of structured transactional data are changing how businesses manage compliance.
The role of the Chief Financial Officer in the Kingdom of Saudi Arabia is undergoing a significant transformation. Traditionally recognised as the guardian of financial reporting, compliance, treasury and capital discipline, the CFO is increasingly expected to contribute directly to strategy, transformation, risk management and long-term value creation.
IAS 7 ‘Statement of Cash Flows’ was introduced in 2001 and the accounting principles have remained largely unchanged since.
Saudi Arabia’s sports sector is undergoing a profound transformation as part of Vision 2030. The Kingdom is investing in modern infrastructure, professional leagues and innovative sporting ventures to position itself as a regional and global hub for sport. This transformation is reshaping the economic landscape of sports, with a focus on club privatisation, the growth of esports and the adoption of business excellence practices across organisations.
As Saudi Arabia progresses into 2026 its supply chain landscape is evolving rapidly under the twin influences of digital regulation and business transformation. Organisations operating within and across Saudi Arabia’s borders are facing a shift from traditional contracting mechanisms to digitalised frameworks that carry both opportunities and risks. In this environment supply chain contracts are no longer legal documents alone; they are dynamic instruments that must anticipate regulatory changes, embed digital compliance and manage operational exposure.
Saudi Arabia's business landscape has undergone a remarkable transformation. Driven by Vision 2030, regulatory reforms and significant economic diversification initiatives, the Kingdom has become one of the world's most attractive destinations for foreign investment and business expansion.
Share-based payment transactions are not limited to employees. Under IFRS 2 Share-based Payment, as adopted in Saudi Arabia, entities may also enter into arrangements with non-employees such as suppliers, consultants, and other providers of goods and services.
A practical overview of the ZATCA refund mechanism, eligibility, and how non-resident companies can recover Saudi VAT.
Artificial intelligence (AI) is reshaping supply chains, shifting them from fragmented and reactive structures into connected, intelligent networks capable of continuous optimisation and increasingly autonomous execution.
In 2024, the International Accounting Standards Board (IASB), issued a new Standard IFRS 18 ‘Presentation and Disclosures in Financial Statements’.
Revenue recognition is a key principle in financial reporting, underpinning the integrity and comparability of financial statements across industries and global markets.
Accurate and consistent revenue recognition is a cornerstone of sound financial reporting for all businesses, ensuring comparability across industries and markets.