Exempting companies from the auditor requirement
NEW COMPANIES LAW OFFERS FACILITIES TO SMALL BUSINESSES AND ENTREPRENEURS
E-invoicing (FATOORA)
The end date of the second phase - connectivity and integration is 03/31/2024.
Extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative Before the End of Year 2024
The Zakat, Tax and Customs Authority (ZATCA) announced the Minister of Finance’s statement of the extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative for taxpayers subject to all tax laws for 6 months until 31 December
The Initiative of Encouraging Small and Medium Factories to Issue the Local Content Certificate
An initiative to stimulate local industry and encourage medium, small and micro factories to issue a local content certificate by covering the cost of audited the local content by audit firms.
80 days remaining until the deadline for amending the articles of association (AOA)
The Ministry of Commerce revealed that (80 days) is the remaining period for companies to amend the articles of association/statute in accordance with the provisions of the new companies system, as the period ends on January 18, 2025.
ZATCA Announces the Decision of the Minister of Finance about the Extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative Until 30 June 2025
The Zakat, Tax and Customs Authority (ZATCA) announced the Minister of Finance’s decision of the extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative for taxpayers subject to all tax laws for 6 months until 30 June 2025.
Extension of the Cancellation of Fines and Exemption of Financial Penalties Initiative Before 30 June 2025
The Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025.
The Importance of Obtaining a Local Content Certificate for Suppliers and Contractors in Saudi Arabia
The importance of obtaining the Local Content Certificate and benefiting from the Mandatory List of National Products lies in the fact that they are essential requirements for suppliers and contractors when executing government contracts and procurements.
