GCC VAT Agreement Introduction Globally the VAT system has been around for a long time. However, for the most part, Arab countries have been operating tax-free in that respect. Over 160 countries around the world have adopted the indirect tax method to reduce the fiscal deficit and facilitate a steady…
Read moreManufacturing, Importation, Distribution of Pharmaceuticals and Medical Devices in Saudi Arabia 1. What are the main laws governing the manufacture, importation, distribution and sale of pharmaceuticals in the Saudi Arabia? Pharmaceutical Establishments in Saudi Arabia are governed by the Law of Pharmaceutical Establishments and Preparations issued by Saudi Arabia Royal…
Read moreEconomic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
Read moreFamily Law in GCC A Family is formed by considering several factors like the social, political, and monetary. Similarly, there is a legal design in framing a family. In a net shell a family law covers two fundamental fields one is the relationship between spouses and the other is the…
Read moreA closer look at Electronic Privacy Laws in the GCC The cooperation council for the Arab State of the Gulf is commonly known as Gulf Cooperation Council (GCC). It is a regional, intergovernmental, political and economic union that consists of all Arab states of the Persian Gulf except Iraq. The…
Read moreTransfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
Read moreCompetition Law in Kingdom of Saudi Arabia 1. What is the name of the main regulator/ regulators governing the competition law in Saudi Arabia? The Board of the General Authority for Competition (the Board). The General Authority for Competition (the GAC). The Committee for Adjudication of Competition Law Violations (the…
Read moreWhen it comes to your legal rights, you should never take them for granted. This is especially true in Riyadh, Saudi Arabia, where the law system can be quite complex or different from what you might be used to back home. To make sure that your rights are protected and…
Read moreRail Infrasructure Projects in the GCC Rail Projects are always an ambitious and expensive affair every country hopes for, not to mention the long time periods required to complete and establish such projects as operational. While providing extensive environmental benefits, reducing the pollution created by cars and other heavy operational…
Read moreCompany setup in the Kingdom of Saudi Arabia Introduction: The Kingdom of Saudi Arabia (KSA) is the Middle East's largest economy, with a history of oil production as its primary source of revenue. And it is one of the Arab countries that is a member of the G20. It is…
Read moreKingdom of Saudi Arabia: New Anti-Commercial Concealment Law Introduction In August 2020, a new Anti-Commercial Concealment Law was introduced by Saudi Arabia’s Council of Ministers, which will be effective on the last week of January 2021. The law is introduced for the purpose of eliminating the shadow economy or an…
Read moreGuide on Doing business in the Kingdom of Saudi Arabia- Part II Tax XII. What contributions are made towards social security by the employee and the employer during the employment relationship? Is there an Income Tax regulation in the KSA? There are no income taxes impositions for the employees; however,…
Read moreDoing Business in the Kingdom of Saudi Arabia- Part I What is the legal system in the Kingdom of Saudi Arabia (KSA)? The legal system in the Kingdom is primarily based on: Civil law, heavily relying on Sharia law and Islamic teachings on matters that are not codified under the…
Read moreSaudi Arabia: New Mining Investment Law Introduction The Middle East has primarily always focused its attention on revenue generated from the oil and gas industry. However, recently these countries are venturing out and exploring other sectors in keeping with their aim of economic diversification. Due to their concentration on oil…
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