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A GCC joint-stock company has shares in a GCC stock market and is traded by foreign residents in GCC countries. The same company, with its Saudi partners, established a Saudi limited liability company. What is the tax levied upon its distributed dividends?

Dividends paid by the Saudi Limited Liability Company to the non-resident GCC Company will, in this case, be subject to withholding tax irrespective of the nationalities of the company's owners and their place of residence.

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Last Update: 04 Sep 2020 06:15 PM Saudi Arabia Time