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Saudi Arabia offers 30-year tax holiday under Regional Headquarters program

|Tax Alerts, Legislation & Policy, Na ...|Saudi Arabia
Saudi Arabia

  • Saudi Arabia has announced a 30-year tax relief package for multinational companies' regional headquarters activities in Saudi Arabia.
  • Companies will benefit from the tax relief from the day they obtain their regional headquarters license.
  • The tax relief includes a 0% rate on corporate income tax and on withholding tax for approved regional headquarters activities.
  • The regional headquarters program will be effective from 1 January 2024.

Executive summary

On 5 December 2023, the Ministry of Investment…

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