This training kit introduces trainers and teachers to the Saudi tax system, its emergence and development over the decades, and reviews the beginnings of the history of taxes in Saudi Arabia, from imposing tax on personal income, capital gains and companies in the fifties, through reconsidering the tax law and exempting citizens from it, up to stopping income tax on expatriates in 1975 as a result of rising oil prices and the Kingdom's need to attract expatriate competencies to contribute to economic development and infrastructure.
The kit also addresses the details of corporate tax in Saudi Arabia, and clarifies the fundamental differences between oil and non-oil companies in the Kingdom and the Gulf states, and the tax rates applied to each type, in addition to a comprehensive review of tax exemptions in Saudi Arabia granted to loss-making companies and their time period, and taxes on foreign labour, answering the question of what are the foundations of the tax system in Saudi Arabia in a practical and organised way that is easy to train on.
Accountants and finance staff, teachers and trainers, and anyone interested in tax systems.