Bookkeeping, Accounting, and Tax Advisory Services in Saudi Arabia
Bookkeeping in Saudi Arabia
Bookkeeping in Saudi Arabia involves systematically recording and organizing financial transactions to ensure accuracy, compliance, and transparency. Beyond standard accounting, companies must handle VAT reporting, corporate income tax, audits, and submit financial statements through the Qawaem platform. The Kingdom follows IFRS alongside local standards, and foreign firms can benefit from Double Taxation Treaties to reduce tax liabilities. At Saudi Business Hub, our expert team ensures that your company’s financial records are accurate, compliant, and optimized, allowing you to focus on growing your business.
Saudi Business Hub (SBH)
we go beyond bookkeeping; by providing comprehensive accounting and tax advisory services tailored to local requirements, we offer two packages:
A/ Bookeeping package includes
- VAT reporting
- Corporate income tax
- Financial auditing
- Mandatory submission of financial statements to the Qawaem platform
B/ Payroll Management Services
A - Our Bookkeeping, Accounting, and Tax Services
To start a business in Saudi Arabia for foreigners, there is a range of company structures to choose from, serving diverse business needs and preferences. These choices enable strategic decision-making parallel to specific goals and market dynamics.
- Analyzing and understanding the financial position of your company.
- Developing tailored financial strategies for sustainable growth.
- Preparing and auditing financial statements in compliance with Saudi regulations.
- Analyzing and understanding the financial position of your company.
- Developing tailored financial strategies for sustainable growth.
- Preparing and auditing financial statements in compliance with Saudi regulations.
- Recording financial transactions and maintaining original documents.
- Regularly updating the ERP system for accurate financial management.
- Generating monthly financial reports for clear insights.
- Reviewing transactions subject to Zakat and VAT.
- Preparing and submitting Zakat and VAT reports as per government rules.
- Regularly submitting reports on government portals.
Designating a Regional Headquarters enhances organizational control and coordination across a specific geographical area.
- Reviewing and reconciling general ledger accounts.
- Making necessary adjustments to the trial balance.
- Preparing complete financial statements for the company.
- Closing the books at the end of the fiscal year.
- Setting up a secure bookkeeping database.
- Implementing and managing e-invoicing systems.
- Recording and archiving received documents.
- Reporting financial data for management and group requirements.
- Preparing tax returns (CIT, VAT, WHT, Transfer Pricing, etc.).
- Providing expert tax advisory on Zakat, Corporate Income Tax, Withholding Tax, VAT, and other areas.
- Responding to tax notifications, corrections, and communicating with state authorities.
- (General Organization for Social Insurance) portal Management
Benefits of Outsourcing Your Bookkeeping,
Accounting, and Tax
Cost Savings
Access professional accounting services without the expense of hiring a full-time team.
Time Efficiency
Focus on your core business activities while we handle the complex financial tasks.
Expert Guidance
Benefit from our team’s extensive experience and insights in Saudi tax laws and regulations.
Scalability
Easily scale services to match your business growth without the burden of in-house hiring.
Benefits of SBH for Bookkeeping,
Accounting, and Tax Services
Expertise and Experience
Our team consists of certified professionals familiar with Saudi Arabia’s accounting standards and international financial reporting standards (IFRS).
Compliance and Accuracy
We ensure your financial records meet all regulatory requirements, including VAT, Zakat, and corporate income tax.
Cost-Effective Solutions
Outsource your bookkeeping and
accounting tasks for significant savings without sacrificing quality.
B - Our Payroll Management Services
- Timely and accurate payroll calculations, including allowances and deductions.
- Ensuring compliance with the Wage Protection System and local laws.
- Secure and confidential payslip generation for all employees.
- Managing annual leave, sick leave, and end-of-service benefits.
- Accurate deductions and contributions aligned with Saudi regulations.
- Tailored reports for management and financial planning
- Maintaining complete, updated employee records for compliance and audit.
Benefits of Outsourcing Payroll Management
to SBH: in Saudi Arabia
Focus on Your
Core Business
Let our experts handle the complexities of payroll while you concentrate on your business growth.
Cost Effective
Solutions
Save on the expenses of an in-house payroll team while enjoying a professional service with no hidden fees.
Risk
Reduction
Stay protected from penalties and legal risks by ensuring 100% compliance with local laws.
Expertise You
Can Trust
With years of experience in Saudi Arabia, we bring unmatched knowledge of local payroll practices and regulations.
Benefits of SBH for Payroll Services
At SBH, we’re more than just a service provider — we’re your trusted partner. Our dedication to accuracy, compliance, and customer satisfaction sets us apart. We tailor our solutions to your business needs, ensuring you receive a personalized and seamless experience every time.
Compliance with Saudi Labor Laws
We ensure all payroll processes adhere to the latest Saudi labor regulations, including wage protection system (WPS), GOSI (General Organization for Social Insurance), and tax compliance, giving you peace of mind.
Accurate and Timely Salary Processing
Our experts guarantee accurate salary calculations, deductions, bonuses, and allowances, ensuring your employees are paid on time, every time.
Confidential and Secure Data Handling
We prioritize the security and confidentiality of your payroll data, using advanced systems to protect your sensitive information.
End-to-End Payroll Management
From employee onboarding to final settlement, we handle every aspect of your payroll lifecycle, including payslips, leave management, end-of-service benefits (EOSB), and more.
We align with International Financial Reporting Standards (IFRS) while integrating Saudi-specific accounting standards, ensuring your business is fully prepared for audits and regulatory reviews.
B - Our Payroll Management Services
At SBH, we understand the complexities of managing payroll in Saudi Arabia. Navigating local labor laws, regulatory requirements, and compliance obligations can be challenging. That’s why we offer comprehensive payroll management services ensuring your business stays compliant, efficient, and stress-free.
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Get Started with SBH Company Formation Services Today
Contact us to explore how our tailored company formation solutions can launch your business in Saudi Arabia. We handle everything – from MISA licensing to commercial registration and legal documentation – ensuring a smooth, compliant, and efficient setup.
Frequently Asked
Question from Our Clients
Bookkeeping services involve recording and organizing financial transactions, maintaining accurate records, and ensuring compliance with financial regulations.
Zakat is a religious tax applied to the wealth of Saudi or GCC nationals, calculated based on net worth or the Zakat base.
The corporate income tax rate in Saudi Arabia is 20% of net adjusted earnings.
Outsourcing ensures compliance, saves costs, provides access to expert advice, and allows you to focus on your core business.
