BMS Auditing provides expert tax services in Saudi Arabia, including VAT, Zakat, income tax, and corporate tax compliance to ensure hassle-free tax management.
Taxes form a crucial part of business and personal finances. Timely payment of taxes and correct filing of returns is the need of the hour. Knowledge of the tax process is required to remain compliant and prevent penalties. We at BMS Auditing provide up-to-date tax services in Saudi Arabia to help you in the process and have everything handled in a hassle-free manner.
Tax Types and Rates
In Saudi Arabia, various taxes are levied on individuals and corporations, including:
- Value Added Tax (VAT)
- Excise Taxes
- Income Tax
- Corporate Tax
- Zakat (Islamic wealth tax)
- Withholding Tax
Saudi Arabia uses a progressive tax system:
- Corporate Tax Rates: Ranging from 5% to 50%, depending on the nature of the business.
- Income Tax: The top rate is 20%, and the lowest rate is 5%.
- Zakat: A tax of 2.5% based on the company’s net worth, excluding liabilities, exports, and investment-generated income.
Our Tax Services
BMS Auditing provides integrated tax services according to your business requirements:
- Tax Compliance & Planning: Facilitating your business to fulfill all regulatory obligations.
- Tax Payment & Filing: Assisting you in filing returns and paying on time.
- Tax Management: Managing your continuous tax liabilities in an efficient manner.
- Tax Type Guidance: Guiding you to understand and work with various types of taxes, such as VAT, excise duty, and Zakat.
For a trusted, expert tax service in Saudi Arabia, you're in good hands with BMS Auditing. Let us help you effortlessly keep pace with the Saudi tax system and have your business running at optimum efficiency.
Looking for a dependable tax consultant? We’ve got you covered. Call BMS Auditing Today!
