KPMG Al Fozan to hold tax awareness seminars in Saudi Arabia

Thursday 21 March 2019
Riyadh - MENA Herald:

KPMG Al Fozan & Partners, the leading provider of audit, tax and advisory services in Saudi Arabia, will organise seminars in major cities across the Kingdom, 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.

The seminars will highlight the challenges faced by companies regarding recent law updates and address some of their main concerns relating to these regulations as well as shed the light on the main post implementation issues of VAT An interactive session, including a demo of the latest tax technology, will be part of the seminar during which KPMG’s team of specialised tax professionals will respond to queries of the delegates.

KPMG's senior team of speakers include:  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 (GAZT) becoming more cognizant of the importance of tax collection, as the Kingdom endeavours 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.

“Our seminars will provide an opportunity for decision-makers to gain insights on the latest tax issues that could impact their businesses as well as help them create a full and in-depth understanding of new regulations to remain compliant with the law and make best use of technology in order to streamline their tax compliance process,” he added.

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