KSA: Amendments to the implementing regulations of the Tax Law
A number of amendments were made to certain articles of the Saudi Arabian (KSA) Income Tax law (“Tax Law”) pursuant to Royal Decree No (M/131) on 29/12/1438 AH (September 20, 2017). Following the publication of this Royal Decree, the Minister of Finance has now issued Ministerial Resolution (“MR”) No. 1727 dated 25/5/1439 AH (February 11, 2018) which provides alignment of the KSA Tax Law with the Tax By-laws or Implementing Regulations. The latest MR is one of a number of important legislative changes made to key fiscal laws in KSA, all of which need to be considered carefully given the recent pro-active approach of the tax authorities with regard to tax compliance in KSA.