Do Saudi Investment Funds Own Real Estate? Legal Personality and the Real Estate Disposal Tax
Do Saudi Investment Funds Own Real Estate? Legal Personality and the Real Estate Disposal Tax By Abdulaziz Alqabbaa, Associate, Zimam Saudi Arabia’s Real Estate Disposal Tax (RETT) applies whenever a real estate disposition takes place, and it carves out an exemption for transfers made purely between an investment fund and its custodian. That narrow exemption […]
Beyond Religious Labels: Zakat and the U.S. Foreign Tax Credit
Beyond Religious Labels: Zakat and the U.S. Foreign Tax Credit By Khaled Alsalem, Associate, Zimam For Saudi companies and individuals with U.S. tax exposure — whether through U.S. shareholders, U.S. operations, or cross-border ownership structures — a recurring question comes up: can zakat paid in Saudi Arabia be credited against U.S. tax the same way […]