Impacted entities will be required to adhere to complex customer identification and due diligence requirements and report information regarding account holders that are specified U.S. persons or U.S. owned entities. Due to the complex nature of the rules and the fact that they are still evolving, it is reasonable to assume that businesses will have many questions that arise between now and the implementation date.
KPMG will be hosting a workshop on the 29th of October at the Radisson SAS hotel in Riyadh around the latest information surrounding the compliance act. The seminar will be conducted by KPMG’s International tax team in coordination with local member firm partners. Mr. Ashraf Alarabi, the head of KPMG ‘s Tax and Zakat department in Saudi Arabia, said “Applications of tax are an important aspect of any business .In today’s world governments are taking major precautionary measures to ensure that companies are complying with up-to-date trading policies. We acknowledge that businesses require more knowledge and expertise from international experts and we hope to address any misunderstood issues through our workshop”
To Register in this course please send your name, title, and organization to marketingsa@kpmg.com
For further information, please call:
Khalid Al Khudair 01-874 8500
Turki Al Theyeb 03-887 7241