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The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
There are seven UNESCO World Heritage Sites in Saudi Arabia inscribed from 2008 to 2023; [13] they are as follows: . Al-Ahsa Oasis. Al-Ahsa Oasis: The Al-Ahsa Oasis is a serial property comprising gardens, canals, springs, wells and a drainage lake, as well as historical buildings, urban fabric and archaeological sites.
The General Authority of Zakat, Tax, and Customs (ZATCA) (Arabic: هيئة الزكاة والضريبة والجمارك) is a government agency under the Ministry of Finance in Saudi Arabia that is responsible for the assessment and collection of taxes and zakat, a form of obligatory almsgiving in Islam.
Riyadh Municipality (RM) (Arabic: أمانة الرياض, romanized: Amānat ar-Riyāḍ, lit. 'Protectorate of Riyadh'), officially the Riyadh Region Municipality [ 1 ] or the Municipality of Riyadh , is a municipal body which has jurisdiction upon overall city services and the upkeep of facilities in Riyadh , Saudi Arabia and the Riyadh ...
For first-time visitors, especially ones who aren’t familiar with the Middle East or Muslim-majority countries, it’s critical to do some research before setting off to Saudi Arabia.
Established in March 2020 by King Salman against the backdrop of the surging COVID-19 pandemic, [1] [2] it is the official promoter of the Visit Saudi program [3] and supervises tourism-related marketing campaigns domestically and internationally. [4]
A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...
As Saudi oil income declined in the late 2010s, the kingdom's international debt soared. In December 2018, Saudi Arabia announced it would be issuing bonds worth approximately 120 billion riyals ($32 billion) to cover its 4.2% GDP deficit of 131 billion riyals. [54] In January 2019, the kingdom sold bonds worth $7.5 billion. [55]
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