Overview of the New Saudi Franchise Law

5 December 2020 - Cyrille Naffah

In a very significant move and in line with its commitments under the WTO, to open economic sectors to direct foreign investments and modernize its legal and regulatory frameworks, the Saudi Council of Ministers, after lengthy discussions and deliberations, approved on October 8th, 2019, the long-awaited text of the New Franchise Law (hereinafter referred to as the “Franchise Law”). This is a …

GAZT extends deadlines for filing tax returns

5 December 2020 - Cyrille Naffah

The Saudi Arabian General Authority for Zakat and Tax (GAZT) Extends the Deadlines for Filing Tax Returns In a move motivated by the outbreak of the Coronavirus(Covid-19) and the resulting inability for businesses to prepare to file their tax returns within the time frames provided for by law, the Saudi Arabian General Authority of Zakat and Tax („GAZT“) has decided on March 20th, 2020 …