ZATCA has published the Regional Headquarters Tax Rules (“RHQ Tax Rules”), approved and enacted by ZATCA’s board resolution no. (9-1-24) on 04/02/2024. Under the RHQ Tax Rules, RHQ licensed entities will enjoy the following tax incentives for a period of 30 years commencing from the date on which the RHQ license is issued: 0% income tax on eligible Income (i.e. income from the main activities that an RHQ entity is allowed to carry out pursuant…
In brief In September 2023, the Saudi Authority for Data and Artificial Intelligence (SDAIA) published the “AI Ethics Principles”, intending to support the Kingdom’s effort towards achieving its vision and national strategies related to adopting AI technology. SDAIA has analyzed global practices and developed the AI Ethics Principles to limit the negative implications of AI systems, help companies ensure the responsible use of those systems and protect the privacy of individuals and their rights concerning…
On 13 September 2023, the Communication Space & Technology Commission of Saudi Arabia (CST) proposed a draft law on Global Digital Content Safe Harbor (please find the draft law here). The proposed law is aimed at providing a legal framework for intermediary service providers hosting and transiting global digital content in the Kingdom of Saudi Arabia (KSA) in a way that ensures no objection, deletion or modification of content hosted in and accessible within the…
In brief On 11 July 2023, the Saudi Authority for Data and Artificial Intelligence (SDAIA) published two drafts of regulations to the Personal Data Protection Law promulgated by Royal Decree No. M/19, dated 09/02/1443H, amended pursuant to Royal Decree No. M/148, dated 05/09/1444H (PDPL). The drafts were published for public consultation and will be open to public commentary until 31 July 2023. While the drafts are not binding, they do provide helpful insights with regards…
The Government of Saudi Arabia has announced the issuance of the long-awaited Civil Transactions Law (“CTL”), the third of the four laws announced as part of the specialized legislations reform (the others being the Family Law, Evidence Law (both have been issued) and the Criminal law (expected to be issued soon)). The CTL was officially published in the Saudi official gazette on 19 June 2023. The CTL contains 721 articles and marks an important advancement…