22 December 2016

Analysis of implications of new Saudi Arabian GAZT requirement for Saudi listed companies provided

The Saudi Arabian General Authority for Zakat and Tax (GAZT) issued a new circular on December 4 (5/3/1438H) (the Circular), which requires Saudi listed companies to pay tax and zakat based on the nationality of the shareholders. The Tadawulaty System provides details on the share-holding of a listed company as of the end of the financial year.

A Tax Alert prepared by Ernst & Young Saudi Arabia, and attached below, provides additional details.

———————————————
ATTACHMENT

Full text of Tax Alert 2016-2199

Document ID: 2016-2199