In Saudi Arabia, the share of a company held by foreign investors falls under corporate income tax, while Saudi and GCC ownership is generally subject to Zakat. Mixed-ownership entities carry both obligations at once, which makes the annual declaration a technical exercise rather than a formality. Getting the tax base right, and keeping it consistent with your audited statements, is what keeps ZATCA reviews uneventful.
What this covers
- Applicability analysis: confirming how your ownership structure allocates your results between corporate income tax and Zakat, and documenting that allocation.
- Tax base computation: preparing the book-to-tax adjustments, from non-deductible costs to timing differences, that turn accounting profit into taxable income.
- Declaration preparation and filing: completing the annual declaration and submitting it through the ZATCA portal with full supporting schedules attached.
- Loss and carry-forward management: tracking prior-year positions so available reliefs are applied correctly, within the rules, and with the evidence to show it.
- Payment coordination: calculating amounts due, including any estimated payments ZATCA requires during the year, and scheduling them with your treasury.
- Zakat alignment: coordinating the corporate income tax and Zakat sides of a mixed declaration so both rest on one reconciled set of numbers.
How Innovant delivers
Innovant prepares corporate income tax declarations for wholly foreign-owned entities and mixed-ownership companies alike. Our team combines hands-on Saudi filing experience with an IFRS-grounded accounting foundation, so the declaration reconciles cleanly to your audited statements. Every adjustment is documented, leaving a defensible file behind each position you take. You also receive a short memo explaining the positions taken, written for your board and your group tax function.
Your next declaration is an opportunity to establish a clean, defensible tax position rather than repeat last year’s assumptions. Talk to an advisor before your fiscal year closes and file with confidence.