Читать книгу Ultimate guide on GCC Taxation - Павел Игоревич Герасимов - Страница 10

The gross income derived by a capital company resident in Saudi Arabia from its operations and of its branches inside and outside Saudi Arabia is subject to tax in Saudi Arabia. However, in order to avoid double taxation on the same income, the following exceptions and clarifications are to be considered:

● With respect to the income realised from investments in other resident capital companies and foreign capital companies (foreign dividends applicable from 1 January 2018) and in order to avoid double taxation, such income is to be excluded from being subject to tax under the following conditions:

○ The percentage of ownership in the company invested in is not less than 10 %.

○ The period of ownership of shares is not less than one year.

Previously (up to 31 December 2017), foreign dividends were taxable unless a DTT provided relief.

There are no restrictions on repatriation of profits, fees, capital, salaries, or other monies.