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Articles & Analysis | Saudi Arabia amends tax regulations from The Report: Saudi Arabia 2022

Saudi Arabia’s income tax rules are governed by the Income Tax Law (Tax Law), which came into force in 2004. The Tax Law is supplemented by implementing regulations (by-laws).

Saudi Arabia is the largest economy in the region and the only Middle Eastern member of the G20. Therefore, the continued development and success of the Saudi economy are key to regional economic growth.

Considering the impact of the Covid-19 pandemic, which strategies are expected to underpin the development of the local health sector?

The health care sector in Saudi Arabia receives an average of 16.5% of the government’s annual budget, reflecting its importance to socio-economic development. The Covid-19 pandemic placed significant pressure on health care systems worldwide, yet the intensified throughput allowed governments to identify weaknesses in their health services and supply chains. Saudi Arabia’s...

To what extent has the Covid-19 pandemic impacted medical innovation and related regulatory processes in Saudi Arabia?

Two key entities have been central to the recalibration and fortification of the medical supply chain in Saudi Arabia. The National Unified Procurement Company (NUPCO) is responsible for medical supplies and equipment procurement, and supply chain regulation; and the Saudi Food and Drug Authority (SFDA) regulates and monitors foods, drugs, medicines, and diagnostic devices....

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