KSA updates
Kingdom of Saudi Arabia (KSA) recent TP developments
January 01, 2024, marks the advent of certain key TP developments in KSA, the most significant being:-
- Applicability of Transfer Pricing provisions for Zakat Payer; and
- Kickstart of the Regional Headquarters (RHQ) regime in KSA and corresponding TP impact
It hence becomes imperative for businesses to ensure that they are ready from a transfer pricing perspective in order to ensure smooth implementation
Considering that the above regulations came into effect from 01 January 2024, we have put across the attached alert which analyse the above regulations in light of the Transfer Pricing provisions.