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 ZATCA holds workshop on procedures and services for Korean companies

The Zakat, Tax and Customs Authority (ZATCA) held an awareness-raising workshop for the Korean companies residing in the Kingdom of Saudi Arabia that are subject to the applicable tax laws. Mr. Park Yoon-Young, Ambassador of South Korea to Saudi Arabia, along with 37 representatives of the Korean companies have attended the workshop.

 

The workshop, held at ZATCA's headquarters, touched upon role of the relationship manager in supporting taxpayers by following up and addressing their cases as well as in raising awareness about ZATCA's procedures and initiatives.

 

ZATCA also addressed, during the workshop, the transfer pricing in the Kingdom and the mechanism of submitting the relevant documents, as well as discussed the procedures of examination, objections and settlement since opening of case until closure, elaborating the taxpayers' rights in this regard.

 

Furthermore, the workshop introduced ZATCA's initiatives for facilitating cross-border trade, which are concerned with speed and flexibility of customs procedures for import clearance and all associated logistics.

 

The awareness-raising and introductory workshops are a part of ZATCA's endeavors to raise awareness of business sector taxpayers subject to tax laws, as well as facilitate cross-border trade through its initiatives carried out at all customs ports.​




09 September 2021
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Last Update: 15 Aug 2024 03:15 PM Saudi Arabia Time