Withholding Tax

Get it done with ease

There are specific regulations in Saudi Arabia depending on the company structure chosen.
The primary concerns for any enterprise is to comply with tax laws. Failure to withhold WHT or pay the WHT timely could result in the client being liable to penalties like ‘late submission fines’ in the WHT initially due.

This can be avoided by taking following necessary measures

• Receiving the data and documents related to withholding tax for review and ensuring the classification is in accordance with the withholding tax categories.
• Calculating withholding taxes according to the prices mentioned in Article 68 of the law and in Article 63 of its executive regulations.
• Preparing the monthly deduction form and submitting it to the General Authority of Zakat and Tax (GAZT) through the customer’s allotted online portal.
• Receiving notices and payment invoices, and guiding customers to proceed direct electronic payments through his bank accounts.
• Ensuring that the monthly deduction form is submitted via the online portal within the assigned deadline to avoid any penalty.
• Preparing the annual deduction form and submitting it to the authority via the online portal within the 120-day period stipulated in the tax system.
• Providing continuous advice to the customer regarding any developments about withholding tax.