Corporate Tax in KSA

Shuraatax10 Sep, 2024Finance

The tax levied on the income and profit of the business is called corporate tax. Non-Saudi investors are subject to corporate tax in KSA (Kingdom of Saudi Arabia). However, the investors who are citizens of Saudi and GCC countries are liable for Zakat and Islamic assessment. For instance, if a business is owned by both Saudi and non-Saudi investors, the profit share of non-Saudi investors would be subject to corporate tax, while Saudi investors' income would be used for assessing Zakat by ZATCA (Zakat, Tax, and Customs Authority).