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Saudi Arabia’s Strategic Move to Boost Industrial Competitiveness and Attract Foreign Investment

The Saudi government has approved new regulations that exempt industrial inputs from customs duties. This move is set to significantly reduce production costs and elevate the global competitiveness of Saudi-made products. The exemptions cover various essential industrial inputs, including machinery, equipment, spare parts, primary raw materials, semi-manufactured materials, and packaging

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Saudi Tax

Saudi Arabia Issues Tax Violation Warning, Urgent Reminder for Businesses.

As the deadline for submitting value-added tax (VAT) statements approaches, Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) has issued a stern reminder to businesses. Companies with significant annual revenues are particularly urged to comply promptly to avoid substantial penalties. Who Needs to Pay Attention? ZATCA has specified that businesses

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Auditing Tass Hamjit

The Crucial Role of Internal Auditing in Multi-Owner Businesses: Enhancing Governance, Risk Management, Compliance, and Beyond

In the complex landscape of multi-owner businesses, internal auditing stands as a cornerstone of robust governance, effective risk management, and stringent compliance. This function not only safeguards the integrity of financial reporting but also plays a pivotal role in enhancing operational efficiencies, fostering transparency, and driving business growth. With the

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How Data Analysts Transform Raw Data into Actionable Insights.

Data has become the new gold mine for businesses across various industries. While collecting data in large quantities is the initial step, the real value lies in extracting meaningful insights from this data to drive informed decision-making. This is where data analysts play a decisive role. They are the ones

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Top Skills Every Data Analyst Needs to Build a Successful Career

Throughout the recent times, the role of a data analyst has transcended from being a support function to becoming the backbone of strategic decision-making for businesses across industries. As the volume and complexity of data continue to surge, the demand for skilled data analysts has skyrocketed. However, to thrive in

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Saudi Arabia Expands its Premium Residency Program

In a strategic move to bolster its global appeal and steer its economy away to new heights, Saudi Arabia has recently unveiled a significant expansion to its premium residency program. Launched in 2019 to attract international talent, the program has evolved to include five new products, offering various benefits to

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Bahrain VAT! Big Relief for SMEs.

Bahrain has decided to enter into the VAT regime following the path of its GCC co members Saudi Arabia and UAE. Its parliament has approved for a 5 percent value-added tax (VAT) in the kingdom from January 1 2019. The VAT law in Bahrain is considered to be more consumer

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SAUDI ARABIA VAT – By January 2019!!

What happens on January 1, 2019? The first year with GCC VAT is coming to close by this December and Saudi Arabia had been first to implement the VAT successfully and comprehensively and even more professionally than UAE. Saudi had a more planned approach and they had given the very

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Tax exemptions on Capital Gains

Income from the sale of property attracts a huge tax liability and is hence observed as a terror by the public at large. Most people sell off their assets to improve liquidity; either to cater to immediate financial needs or to meet asset replacement costs. In any case, spending a

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Cryptocurrency- Riches in invisible bundles

There is a sudden craziness and demand behind cryptocurrencies all over the year since the past few years. Its ease of transaction, transparency, frequent price fluctuations, unregulated nature, the impossibility of double-spend and many more factors have contributed to the popularity of cryptocurrencies over the past few years. Cryptocurrency A

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What happens if you don’t file Income Tax returns?

With budget presentation done, it is high time for us to understand the importance of filing income tax return. Every person earning an income above the basic exemption limit is liable to pay Income Tax, no matter what the nature of income is! The income tax act applies to every

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Freezone Vs Mainland - UAE Corporate Tax Update - TASS & HAMJIT

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സൗദിയിൽ ബിസിനസ്സിന്റെ പദവി മാറ്റിയോ നിങ്ങൾ? ഈ കാര്യങ്ങൾ ശ്രദ്ധിക്കൂ.....

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'E-Invoicing in KSA' by Mohammed Aslam - Director - TASS & HAMJIT.

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Connecting Minds, Creating the Future! - Welcome to Dubai Expo 2020 - Tass & Hamjit​

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സൗദി അറേബിയയിൽ ഫോറിൻ ലൈസൻസ് എടുക്കുമ്പോൾ അറിയേണ്ടതെല്ലാം (as per updation till Oct 15, 2021)​​

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T&H Webinar Series - Inspire Talk by Mr Navas Meeran, Chairman, Eastern Group. (Part 1)​

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Understand your residential status under Income Tax India by Ashiq Rahman​

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