Saudi cabinet approves income tax amendments

Saudi Arabia's cabinet approved amendments to the income tax law, which will come into effect from the beginning of the next fiscal year, state-owned Saudi Press Agency reported on Tuesday.

The amendments mainly relate to the tax dispute resolution mechanism.

They include reducing the period within which an appeal against a tax assessment may be filed, to 30 days from 60 days.

A committee for resolution of tax violations and disputes will be set up, along with another committee to issue final decisions on appeals.