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 …

Continue reading “Overview of the New Saudi Franchise Law”

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 …

Continue reading “GAZT extends deadlines for filing tax returns”

Speaking of the rule of law and doing business, the Maghreb countries Morocco, Tunisia and Algeria are not those that many would usually think of in particularly outstanding terms. Rather would the Nordic countries or Singapore spring to mind, and, in fact, they do lead most relevant rankings. Frankly, reaching those countries’ levels of efficiency …

Continue reading “Efforts to Incentivise Foreign Investment in the Maghreb States”