The Corporate Tax Rate in Saudi Arabia stands at 20 percent. source: Department of Zakat and Income Tax

Corporate Tax Rate in Saudi Arabia averaged 23.86 percent from 1999 until 2020, reaching an all time high of 45 percent in 1999 and a record low of 20 percent in 2006. This page provides - Saudi Arabia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Corporate Tax Rate - values, historical data and charts - was last updated on October of 2021.

Corporate Tax Rate in Saudi Arabia is expected to reach 20.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Corporate Tax Rate is projected to trend around 20.00 percent in 2022, according to our econometric models.

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Saudi Arabia Corporate Tax Rate

Saudi Arabia Last Unit Reference Previous Highest Lowest
Corporate Tax Rate 20.00 percent Dec/21 20.00 45.00 20.00
Personal Income Tax Rate 0.00 percent Dec/21 0.00 0.00 0.00
Social Security Rate 22.00 percent Dec/21 22.00 22.00 20.00
Social Security Rate For Companies 12.00 percent Dec/21 12.00 12.00 11.00
Social Security Rate For Employees 10.00 percent Dec/21 10.00 10.00 9.00

Saudi Arabia Corporate Tax Rate
In Saudi Arabia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Saudi Arabia.