As the largest country in the Gulf region and a major economic powerhouse, Saudi Arabia is rapidly transforming into a global hub for business, innovation, and culture.
In this guide, we’ll walk you through everything you need to know about relocating to Saudi Arabia from a personal tax perspective, including tax residency, double tax treaties and tax return obligations.
TaxPilot recommend that you organize your affairs in good time to get ahead and make the most of favorable tax treatment while making sure you’re meeting your tax return obligations.
Saudi Arabia follows a zero taxation model. You will not pay tax on personal income sources.
if you spend more than 182 days in Saudi Arabia during the tax year.
if your main residence is located in Saudi Arabia and you spend more than 29 days in Saudi Arabia during the tax year.
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Tax on property and share sales
Tax on value of owned assets
Tax on assets passed to heirs
Tax to contribute to state welfare
If you receive incomes overseas while you are living in Saudi Arabia, you may find that the source country, as a starting point, continues to tax the income.
Double taxation agreements may remove the source country’s taxing right and thus, enable you to receive incomes tax free globally.
At present, Saudi Arabia has 54 double taxation agreements signed.
