Saudi Arabia Initiates Significant Reforms To Income Tax Laws In Line With Vision 2030 For Public Review And Consultation

Overview Saudi Arabia is initiating major changes to its income tax regulations by proposing amendments to the ‘Income Tax Law.’ In the previous month, the kingdom’s Zakat, Tax, and Customs Authority (ZATCA) released draft laws, inviting public feedback until December 25 on modifications intended to revamp the tax code in alignment with its Vision 2030