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Ruling on Attribution Taxation: Implications for Foundations in non-EU Countries
Adjusting the Application in Light of Free Movement of Capital
Starting from 3 April 2025, Saudi Arabia will enforce new Ultimate Beneficial Ownership (UBO) regulations aimed at increasing corporate transparency and aligning with international anti-money laundering standards. These reforms represent a significant milestone in the Kingdom’s commitment to combat financial crime and foster investor confidence. Companies operating in Saudi Arabia must prepare now to comply with these comprehensive new requirements.
Looking closer at the VAT regulations effective since November 2024 that alter the treatment of multi-component supplies, impacting various industries
Through the newly introduced rules on the appointment of Data Protection Officers, SDAIA has concretized one of the central governance mechanisms of the PDPL. The requirements closely follow international standards, especially those of the EU GDPR, while adapting them to the specific needs of the Saudi regulatory environment.
