Browsing: Businesses

Riyadh, April 23, 2026, SPA — The Zakat, Tax and Customs Authority (ZATCA) has urged businesses to submit their zakat and income tax returns for foreign establishments for the fiscal year ending December 31, 2025, no later than April 30, 2026. This call aligns with Article 102 of the Executive Regulations for Zakat Collection and Article 60 of the Income Tax Law, both of which require taxpayers to submit returns and fulfill their financial obligations within 120 days of the end of their fiscal year. The authority encouraged businesses to expedite their submissions through the e-services portal on the official ZATCA website to ensure compl

Davos, Switzerland. 22 January 2026 – His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, today at the World Economic Forum Annual Meeting participated in a session titled ‘A Check-In on the Saudi Economy’. The session explored how reforms introduced under Saudi Vision 2030 to support economic diversification have attracted global investment and enabled the private sector. In the session, His Excellency described how Saudi Arabia’s deep structural reforms have created a stable and predictable environment for businesses. HE said strong economies tend to be stable economies: “Stability is not some