BMS Auditing offers professional withholding tax services in Saudi Arabia, ensuring compliance with ZATCA regulations. Stay penalty-free with expert tax calculation, filing, and audit support.
BMS Auditing is here to assist companies to seamlessly manage the complexity of withholding tax laws in Saudi Arabia. Non-resident entities, providing services in the Kingdom of Saudi Arabia, are subjected to withholding tax, and different rates and requirements to comply will impact your business' financial well-being.
What We Offer:
Our team of experienced tax professionals helps businesses manage and ensure compliance with withholding tax laws, specifically Royal Decree No. M/1 and its executive regulations. We guide you through the process of withholding tax deductions for services provided by non-resident entities, covering a range of sectors including management services, royalties, technical and consulting services, and international communication services.
Key Areas of Support:
- WHT Calculation & Deduction: We can help calculate the proper tax rate depending on the type of service, including 5%, 15%, and 20% tax rates according to the appropriate regulations.
- Monthly & Annual Reporting Our experts will ensure timely submission of your monthly withholding tax forms and an annual summary to ZATCA. We also help you adhere to the 120-day submission deadline for the annual form.
- Tax Compliance & Filing: Ensure all the taxes withheld get paid on time within the tax timeline without incurring any late payment penalties. Provide non-resident entities with permanent establishments on handling tax obligations.
- Record Maintenance & Audit Support: Keep supporting businesses in maintaining correct records and assist them during audit including adherence to the Saudi tax law, requiring record retention for a minimum of 10 years.
- Penalty Management: In case of delayed payments or improper filing, we help minimize possible fines by ensuring compliance with Saudi tax regulations, including the fines for delayed or false reporting.
Why to choose BMS Auditing?
- Unrivaled expertise: Our team has a thorough knowledge about Saudi tax laws and withholding tax regulations.
- Efficacious processes: Ensure that the documentation is filed on time and filed in compliance with the Saudi tax authorities.
- Risk Mitigation: We prevent you from suffering penalties and ensuring proper records for your financial dealings.
Partner with BMS Auditing today and navigate Saudi Arabia's withholding tax laws with confidence, ensuring that your business stays fully compliant.
