Taxes in the Kingdom of Saudi Arabia

Type:	Secondary Source
Author:	Mr. Abdulaziz Al-Suhaimi
Summary:	By AI Taxes in the Kingdom of Saudi Arabia include several main types: 1. Excise Taxes: Imposed on harmful goods such as soft drinks and tobacco at rates of up to 100%. 2. Real Estate Transaction Tax: Applied at a rate of 5% on the value of real estate transactions with certain exceptions. 3. Income Tax: Ranges from 20% to 85% depending on the type of activity, with 20% applied to companies and both resident and non-resident individuals. 4. Withholding Tax: Deducted from payments to n...

Type:

Secondary Source

Author:

Mr. Abdulaziz Al-Suhaimi

Summary:

By AI

Taxes in the Kingdom of Saudi Arabia include several main types: 1. **Excise Taxes**: Imposed on harmful goods such as soft drinks and tobacco at rates of up to 100%. 2. **Real Estate Transaction Tax**: Applied at a rate of 5% on the value of real estate transactions with certain exceptions. 3. **Income Tax**: Ranges from 20% to 85% depending on the type of activity, with 20% applied to companies and both resident and non-resident individuals. 4. **Withholding Tax**: Deducted from payments to n...