KPMG to hold tax awareness seminars in Saudi Arabia

KPMG Al Fozan & Partners will organize seminars in major cities across Saudi Arabia, focusing on relevant tax and zakat regulations, transfer pricing bylaws and value-added tax (VAT) implications.

The seminars will be held in Jeddah on March 24, Khobar on March 26 and Riyadh on March 28, 2019.

The objective of the seminars is to update clients on the newly introduced Transfer pricing regulations as well as an update on the most recent tax and zakat regulations, and VAT.

An interactive session, including a demo of the latest tax technology, will be part of the seminar during which KPMG’s team of specialized tax professionals will respond to queries of the delegates.

KPMG's senior team of speakers includes Wadih Abu Nasr, Head of Tax, KPMG Al Fozan & Partners in Saudi Arabia and Nick Soverall, Head of Indirect Tax, Stefan el Khouri, Head of Transfer Pricing.

“Saudi Arabia’s financial landscape is changing rapidly following the introduction of 5 percent VAT on January 1 last year and issuance of Transfer Pricing Bylaws earlier this year. We are seeing the General Authority of Zakat and Tax becoming more cognizant of the importance of tax collection, as the Kingdom endeavors to diversify its revenue base and move away from being an oil-dependent economy,” commented Wadih Abu Nasr, Head of Tax at KPMG Al Fozan & Partners.