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Saudi Arabia Transfers $163B Aramco Stake to Modernize Economy
Saudi Arabia has transferred a $163 billion stake in its national oil company, Aramco, to its sovereign wealth fund, the Public Investment Fund (PIF), as part of efforts to grow…
Declarations of Withholding Tax & Contributions (IR 7)
Declarations of Withholding Tax & Contributions (IR 7) that have not been submitted and concern the years from 2019 onwards The Tax Department informs that, in terms of complying with…
Extension for the submission of the Individual’s Income Statement
The Department of Taxation has announced an extension for the submission of the Individual's Income Statement for the year 2023 and the payment of the tax due. Based on the…
Saudi Arabia Emerges as a Premier Destination for Global Businesses
In recent years, Saudi Arabia has shifted from an oil-dependent economy to a diversified powerhouse, actively attracting global businesses. Central to this transformation is Vision 2030, led by Crown Prince…
The Future of Business in Saudi Arabia
Saudi Arabia's Vision 2030 serves as a cornerstone for the future of business in Saudi Arabia, aiming to diversify the economy beyond oil and to foster a vibrant, sustainable environment…
Spain Golden visa by real estate investment
Under the current Spain Golden Visa program, the criteria are: The applicant must be at least eighteen years old. The applicant shall not have citizenship of any European Union country;…
The Evolving UAE Tax Landscape
The Evolving UAE Tax Landscape In the realm of global economic hubs, the United Arab Emirates (UAE) has long stood out as a tax-friendly jurisdiction, fostering an environment conducive to…