latest legal news in local newspapers:
Bin Arafa Group for Legal and Legal Consultants is keen to inform you of the most important news related to your business, labor and commercial activities and the legal updated information correlated with it. We provide you with the latest legal news published in the local newspaper this week which may affect your business. We illustrate Herein below the latest news:
Directory of services for foreign companies wishing to open regional headquarters in the Kingdom.
The Ministry of Commerce revealed that it provides electronic services to foreign companies wishing to open a regional headquarters after obtaining a license from the Ministry of Investment, and these services are issuing the regional headquarters as a branch of a foreign company, establishing the regional headquarters as a foreign company, issuing, amending and renewing the commercial register, and reserving the trade name.
These services can be provided electronically through its electronic branch as well as through the Saudi Business Center platform.
The Zakat, Tax and Customs Authority invites businesses to submit VAT returns for January this year.
The Authority has called on businesses subject to VAT whose annual supplies of goods and services exceed SAR 40 million to submit their January tax returns no later than February 29.
The Authority urged establishments to expedite the submission of their tax returns through its website, or submit and pay through the Authority’s application, in order to avoid the fine for late submission of the return within its specified period, at a minimum of 5% and a maximum of 25% of the value of the tax that the taxpayer was required to declare.