Accountancy in Saudi Arabia

>> Allowances in Saudi Arabia

Depreciation

The allowances depreciation expenses is based on the depreciation rates and the fixed assets guidelines from the Department of Zakat and Income Tax.

Tax credits

The foreign investment enjoy 10 years tax credits for a 10 years which is equal to 15% of the paid up – capital of industrial projects.


Latest version updated 10th April 2019

Country Breakdown

32.28

Million

Population

?

Saudi Riyal

Currency

$ 646.4

Billion

GDP

2.15

Million

km2