One of the top business consulting companies in the Kingdom of Saudi Arabia is Express Business Service, which focuses on assisting investors and entrepreneurs in starting and expanding their businesses. The organization provides a full range of services to guarantee a smooth and legal establishment procedure because it has a thorough awareness of the local business and regulatory environments.
The tax and accounting services that Express Business Service provides are among its main products. The company’s staff of skilled tax and accounting experts is knowledgeable about the intricate details of Saudi Arabia’s financial laws and can provide clients solutions that are specifically designed to match their individual business requirements.

Our Range of Tax & Accounting Services in Saudi Arabia (KSA)
- Tax Registration and Compliance – This refers to the process of registering a business or individual with the tax authorities and ensuring that all tax obligations are met according to the relevant tax laws and regulations. Our services include –
- VAT registration and filing.
- Withholding tax compliance.
- Zakat (Islamic tax) registration and calculations.
- Assistance with double taxation avoidance and tax treaties.
- Accounting Services – This encompasses a broad range of financial record-keeping and management tasks performed by professional accountants, including –
- Bookkeeping and record-keeping in accordance with Saudi Arabia’s Generally Accepted Accounting Principles (SA-GAAP).
- Creating financial statements (such as cash flow, income, and balance sheets).
- Management accounts and reporting.
- Payroll processing and tax compliance.
- Tax Planning and Optimization – This includes ideas for minimizing your tax payments within the legal framework. Our tax planning and optimization services include –
- Planning tax-efficient provisions for your business.
- Identifying potential tax deductions and credits.
- Minimizing your total tax liability within the statutory system.
- Auditing and Assurance Services – Auditors play a crucial role in ensuring the accuracy and reliability of a company’s financial statements. Our auditing and assurance services include –
- Internal audits will guarantee that your financial records are reliable and accurate.
- Statutory audits, if required, by qualified and independent auditors.
- Assistance in keeping an effective corporate governance system and answering audit questions.
The Saudi Arabian Tax Landscape
Understanding the key aspects of Saudi Arabia’s tax system is important for any company that works in the Kingdom. Here’s a brief overview of the primary tax components that businesses must navigate –
VAT (Value Added Tax)
Value added tax, or VAT, is applied to most goods and services supplied in Saudi Arabia (KSA). These are the essential points to remember –
- Rate: Standard VAT rates are set at 5%.
- Registration Threshold: Businesses must register for VAT if their yearly turnover exceeds SAR 375,000 (about $100,000 USD).
- Voluntary Registration: Businesses with turnover below the threshold can opt for voluntary VAT registration. This can be advantageous as it allows businesses to reclaim input tax on their purchases, thereby reducing their overall tax burden.


Withholding Tax
Withholding tax applies to certain payments made to non-residents, including –
- Applicable Payments: Royalties, interest, dividends, and fees for technical services.
- Rates: The withholding tax rate varies depending on the type of payment. The existence of a double taxation treaty between Saudi Arabia (KSA) and the recipient’s country of residence can also influence the rate.
- Purpose: The tax is withheld by the payer and remitted to the Saudi tax authorities, ensuring that non-residents contribute to the tax revenue.
Zakat
Zakat is an Islamic tax mandated for Muslims, representing as one of the five fundamental principles of Islam. In Saudi Arabia (KSA), it has specific implications for businesses –
- Rate: Zakat is levied at a rate of 2.5% on a company’s net worth.
- Eligibility: Zakat primarily applies to businesses that are fully owned by Muslims.
- Exemptions and Deductions: Certain exemptions and deductions may apply based on the nature of the business and its financial structure.
- Application: For companies, Zakat typically covers various assets, such as receivables, cash, and inventories. Special Zakat rules may apply to specific sectors, such as financial institutions.


Corporate Income Tax
While resident companies in Saudi Arabia (KSA) are generally exempt from corporate income tax on their locally earned income, foreign entities with a presence in the Kingdom face different rules –
- Applicability: Corporate income tax is imposed on foreign companies with a permanent establishment in Saudi Arabia (KSA).
- Rate: The rate of corporate income tax is 20%.
- Definition of Permanent Establishment: Any fixed location where a corporation carries out its operations in Saudi Arabia (KSA) is considered a permanent establishment. This includes branches, offices, factories, and workshops.
Technological Integration with Express Business Service
At Express Business Service, we embrace cutting-edge accounting software and tools to enhance efficiency, accuracy, and data security. Our commitment to technological integration ensures that your business stays ahead in the rapidly evolving financial landscape.
Our Tax and Accounting Services at Express Business go beyond pleasing obligations—they showcase our commitment to financial excellence, precision, and knowledge. Partnering with us provides a comprehensive financial management solution that ensures compliance and creates success in the dynamic Saudi business climate.