Saudi Arabia: Economic Snapshot 2023

Saudi Arabia | Economy

Written by Erick Pablo Economic Snapshots

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In Saudi Arabia

Foundational shifts: Eyad Reda, Managing Partner, Eyad Reda Law Firm, on the reforms reshaping the Kingdom’s legal framework

A transformation is sweeping through Saudi Arabia’s legal landscape, marking a pivotal moment in the country’s journey towards modernisation and transparency. With a focus on aligning with global standards, Saudi Arabia is ushering in an era of reform that promises to reshape its legal system and redefine its role on the international stage. These changes are part of the broader Vision 2030 initiative, aimed at diversifying the economy and modernising public institutions, with a central focu…

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Saudi Arabia: Economic Snapshot 2024

Click here to read our Saudi Arabia Economic Report and Investment Analysis 2024 online …

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Embracing innovation: Mago JB Singh, Founder and Group Managing Partner, Just & Fair Consulting Group: a member of Baker Tilly International, on how technology helps businesses navigate regulatory changes

Businesses across Saudi Arabia face an evolving and increasingly complex tax environment as the Kingdom continues to diversify its economy under Vision 2030. With the introduction of value-added tax (VAT) in 2018, the implementation of excise taxes and the forthcoming zakat (a payment under Islamic law used for charitable or religious purposes) and income tax reforms, the regulatory landscape is rapidly changing. In this context, it is important for businesses to consider tax technology not mere…