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Saudi Arabia income tax and zakat update Refreshing perspectives
Al-Khobar | Monday, December 7, 2015Riyadh | Tuesday, December 8, 2015Jeddah | Wednesday, December 9, 2015
The imperativeGlobalization and global regulatory reform continue to createchallenges for companies. It is imperative to understand theincreasingly complicated impact this will have on the tax,business and economic environment.
For instance, the Department of Zakat and Income Tax’s (DZIT)interpretation of what now constitutes a permanentestablishment in KSA and the subsequent impact of internalguidelines issued to its divisions responsible for processingwithholding tax (WHT) demonstrate this greater focus ontransparency, and the complications that can arise from theinterpretation and application of double taxation treaties formultinationals or non-residents.
Deloitte’s in-depth knowledge of applicable laws, practicalunderstanding of the regulatory environment and cross-borderconnections, allow us to critically analyze scenarios and providepragmatic solutions to complex business issues. As businessleaders, it is imperative that you stay ahead of developmentswhich have a tangible effect on zakat liabilities and taxexposures.
Why should you attend?At this update event, we will disseminate practical andcommercial analysis of the developments in the regulatoryapplication and reporting of zakat and income taxes with DZIT.We are confident that you will leave this event with anunderstanding of key trends in how corporates are respondingto increasing demands for information, in terms of legislatureand issues around double taxation, amongst other key fiscalconsiderations.
Participants will also have the opportunity to interact with anumber of Deloitte’s core team of tax professionals andspecialists, who are dedicated to serving KSA clients – locally and across borders.
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Seminar details
Deloitte & Touche Bakr Abulkhair & Co is looking forward to welcoming you at the seminars in Al-Khobar, Riyadh and Jeddah
Wissam MerhejSenior Director - RiyadhTel +966 (0) 11 282 [email protected]
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Agenda and tax leaders
Nauman AhmedSenior Director - Al Khobar and Middle East Tax LeaderTel +966 (0) 13 668 [email protected]
Farhan FaroukSenior Director - JeddahTel +966 (0) 12 657 [email protected]
Time Agenda
08:30 - 09:00 Welcome coffee and seminar registration
09:00 - 10:30 Income tax and zakat update
10:30 - 11:00 Coffee break
11:00 - 12:00 Income tax and zakat update
12:00 - 13:30 Prayer and lunch break
13:30 - 15:00 Global updates
15:00 - 15:30 Group Q&A
Key topics to be covered• Transfer pricing and OECD’s BEPs initiative• Virtual Permanent Establishments• Latest zakat issues• Withholding tax and international tax considerations• Application of tax treaties• Wage protection system and its impacts
Presenter: Nauman AhmedPanel: Wissam Merhej, Farhan Farouk and Issa Ayash
Tax leaders
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Registration form
Al-KhobarWhen and whereDate December 7, 2015 Venue Le Meridien
Your investmentThe fee for attendance at theseminar is SR1,800 per person.
How to payDeloitte & Touche Bakr Abulkhair & CoArab National Bank, Dammam mainbranch, PO Box 18, Dammam31411, Saudi ArabiaA/C #01 008 5069071 00IBANSA74 3040 0108 0506 9071 0018
To registerPlease contact Ghulam Muhammad:Tel +966 13 668 5700Email [email protected]
JeddahWhen and whereDate December 9, 2015 Venue Park Hyatt
Your investmentThe fee for attendance at theseminar is SR1,800 per person.
How to payDeloitte & Touche Bakr Abulkhair & CoArab National Bank,Hay Al Salama Branch, JeddahA/C #01-08-05063519-001-1IBANSA 3230 40 0108 0506 3519 0011
To registerPlease contact Khurram Ilyas:Tel +966 12 657 2725
ext 393Email [email protected]
RiyadhWhen and whereDate December 8, 2015 Venue Four Seasons
Your investmentThe fee for attendance at theseminar is SR1,800 per person.
How to payDeloitte & Touche Bakr Abulkhair & CoArab National Bank, Tahlia Branch, RiyadhA/C #01-08-05052027-001-9IBANSA 3330 40 0108 0505 2027 0019
To registerPlease contact Syed Amer:Tel +966 11 282 8429 Email [email protected]
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About Deloitte & Touche (M.E.)Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is the first Arab professionalservices firm established in the Middle East region with uninterrupted presence since 1926.
Deloitte is among the region’s leading professional services firms, providing audit, tax, consulting, and financial advisoryservices through 26 offices in 15 countries with around 3,000 partners, directors and staff. It is a Tier 1 Tax advisor inthe GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has received numerousawards in the last few years which include Best Employer in the Middle East, best consulting firm, and the Middle EastTraining & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW).
About Deloitte & Touche Bakr Abulkhair & CoDeloitte & Touche Bakr Abulkhair & Co, one of Saudi Arabia's leading professional services firms, is a member firmof Deloitte Touche Tohmatsu Limited (DTTL). With uninterrupted presence in the Kingdom since 1950, it has officesin Riyadh, Jeddah and Al-Khobar and offers audit, tax, zakat, consulting, enterprise risk services and financialadvisory services to leading Saudi public and private organizations and international companies.
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