Special Economic Zones: New Regulatory Frameworks Issued
Tax AlertSaudi Arabia has formally issued the much-anticipated regulatory frameworks governing several key Special Economic Zones (SEZs).
Abdul Rehman brings over 13 years of specialised experience in domestic tax compliance and strategic advisory, making him a trusted expert in Saudi Arabia’s evolving tax landscape. His in-depth knowledge of local tax and zakat regulations, combined with exposure to international tax principles, enables him to deliver comprehensive solutions for businesses with both domestic and cross-border operations.
His expertise extends beyond compliance to encompass a broad range of tax services, including tax advisory, litigation support, advance ruling applications, and double tax treaty considerations. Abdul Rehman has worked with leading organisations across key industries such as construction, defence, aviation, and healthcare, ensuring compliance with local tax laws while optimising tax positions in line with both domestic and international requirements.
Before joining Grant Thornton, Abdul Rehman gained extensive experience at leading firms, including Deloitte and PwC in Saudi Arabia. His background reinforces his ability to navigate complex tax matters and provide strategic insights, making him a trusted advisor for clients seeking clarity in an increasingly complex regulatory environment.
Saudi Arabia has formally issued the much-anticipated regulatory frameworks governing several key Special Economic Zones (SEZs).
As the Kingdom of Saudi Arabia continues its ambitious economic transformation under Vision 2030, corporate tax has become a central focus for finance leaders operating in the region. The shifting regulatory landscape, increasing enforcement activity, and heightened transparency expectations mean that Chief Financial Officers must remain fully informed and proactive in managing their tax responsibilities. This article outlines the key areas every CFO should understand to navigate the current tax environment in KSA effectively and strategically.
As international trade accelerates and foreign direct investment continues to shape Saudi Arabia’s economic landscape, cross-border transactions are becoming a core element of business operations. Whether involving the payment of royalties, interest, technical service fees, or dividends to foreign entities, one area that consistently demands attention is withholding tax. For businesses operating in or transacting with Saudi-based entities, understanding and managing withholding tax is essential for maintaining compliance, managing costs, and safeguarding transaction efficiency.