Tax Publications - Page 12

On 27 May we will be organizing our KSA Tax Update Webinar covering the recent 15% VAT rate hike, tax amnesty measures, covid 19 measures and other updates.

In this article the authors discuss common structures which are set up by non-GCC businesses to invest in KSA. Sometimes these structures have as a primary or secondary objective to optimize their overall tax liability in KSA

Over supply of oil and under demand due the current economic crisis caused by COVID-19 has led to WTI prices for oil fall below zero as at 21 April 2020. Storage capacity is near full and therefore expensive.

What are offset programs Offsets are type of arrangements in which the governments procuring from overseas may oblige the suppliers to reinvest some proportion of the contract in their country.

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In recent years the Middle East has been investing heavily in Research and Development (R&D). This has resulted in a number of patents being requested and made room for a number of so-called unicorns, like Careem and Jumia.