Insights
Categories
Saudi Arabia’s New SME Strategy: 500,000 Jobs and a 35% GDP Push by 2030
Saudi Arabia’s New SME Strategy: A Bold Bet on Small Business Growth Saudi Arabia just placed one of its biggest economic bets yet on small and medium enterprises. On September 15, 2026, the Saudi Cabinet approved the National Entrepreneurship and Small and Medium Enterprises Strategy, a sweeping plan designed to
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
THAT Introduces Zaid, Saudi Arabia’s First AI Corporate Consultant, at Techtonic Riyadh.
Tass and Hamjit Advanced Technologies (THAT) revolutionizes the corporate consulting landscape in Saudi Arabia with the introduction of Zaid, the country’s first artificial intelligence (AI) corporate consultant. The groundbreaking announcement was made at the highly anticipated Techtonic event that took place in Riyadh on January 10th, 2024. Zaid, an innovative
New Tax Proposals Towards a More Investment Friendly Economy in KSA
Saudi Income Tax Law Withholding tax [Article 68, new insertion 1] – Salary payments to non-resident employees The Saudi Arabian Government has unveiled a new draft outlining potential changes to the Income Tax Law, inviting public feedback. These proposed changes follow recent enhancements made to the tax regulations. These suggested
20% Tax On Foreign Remittances in India. Know The Facts Right!
Introduction The recent Union Budget 2023 has introduced a significant update regarding the Tax Collected at Source (TCS) on outward foreign remittances. The new provision states that the TCS rate on all outward foreign remittances has been increased from 5% to 20%, except for educational and medical purposes. This article
Bahrain Prepares for Corporate Tax Implementation in Line with International Agreements
In a recent session of the National Assembly, Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa shed light on Bahrain’s plans to introduce corporate tax. The Corporate Tax Implementation implementation will be contingent upon the international community reaching a consensus on the taxation framework established by the
Overview of Four Special Economic Zones in Saudi Arabia
Saudi Arabia has established several Special Economic Zones (SEZs) across the country to attract foreign investment and promote economic growth. Four SEZs in Saudi Arabia will be examined in-depth in this article:Ras Al Khair SEZ, Cloud Computing SEZ, King Abdullah Economic City SEZ, and Jazan SEZ. Ras Al Khair SEZ
Freezone VS Mainland – UAE Corporate Tax Updates
Do you have a business in UAE? Or are you planning to set up a business? But confused about where to set up. Mainland or Free zone? The Corporate Tax Law will come into effect in UAE from 1 June 2023 with a headline rate of 9%. What does it
Stay Updated
Stay Ahead
Join our newsletter for the latest insights, updates, and resources — straight to your inbox.
You're subscribed!
Thanks for joining.
Check your inbox for updates.
Popular Now
Audit-Ready Financial Statements Under UAE Corporate Tax: What Businesses Need to Know
The UAE Corporate Tax regime is moving into a more mature phase. The focus is no longer only on registration, filing deadlines, and tax calculations. Businesses are now expected to demonstrate that their financial records are reliable, complete, and ready for review. Ministerial Decision No. 84 of 2025 has clarified
UAE Clarifies the Ruling of Expat Assets in the Absence of Heirs
The UAE has taken a significant step toward strengthening legal clarity and transparency with a new federal decree under the Civil Transactions Law. The move directly addresses a long-standing grey area: what happens to the assets of expatriates who pass away without leaving a will or identifiable heirs. Under the
UAE Ministry of Finance Introduces Comprehensive Amendments to Tax Regulations Effective January 2025
The UAE Ministry of Finance (MoF) has announced significant updates to its tax regulations framework, aimed at simplifying compliance and enhancing clarity for businesses. These changes, introduced through updated Ministerial Decision No. (301) of 2024 on Tax Groups and Ministerial Decision No. (302) of 2024 on Participation and Foreign Permanent
UAE: 100% Foreign Ownership from June 1st
The UAE government on 19th May, has announced an overhaul of foreign ownership rules applicable to commercial companies which enables 100% stake of onshore companies from June 1st, 2021. It might be an enormous relief for the foreign investors in UAE, now you can invest and own your own business it’s
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
Historic labor reforms comes into force in Saudi Arabia
The landmark initiative ends the 70 year old Kafala (Sponsorship) System in the Kingdom. Saudi Arabia’s Ministry of Human Resources and Social Development formally declared that the new labor reform initiative will come into force on March 14, 2021. Ministry said that this labour initiative is in continuation with Saudi’s