Tax Services

Bookkeeping, Accounting, and Tax Advisory Services in Saudi Arabia

Accurate, Compliant, and Optimized   Financial Management with SBH

What is Bookkeeping, Accounting, and Tax Advisory Services in Saudi Arabia

Bookkeeping is the process of systematically recording and organizing a company’s financial transactions, ensuring that all financial data is accurate, up-to-date, and compliant with local regulations. In Saudi Arabia, bookkeeping and accounting involve additional responsibilities, including VAT reporting, corporate income tax, financial auditing, and the mandatory submission of financial statements to the Qawaem platform.

Saudi Arabia follows International Financial Reporting Standards (IFRS) while also maintaining its own local accounting standards. Foreign companies operating in the Kingdom should also be aware of the benefits available under the Double Taxation Treaties, which can help minimize 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.

At 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
Tax services Saudi
Bookkeeping services

A - Our Bookkeeping, Accounting, and Tax Services

1. Financial Consulting

  1. Analyzing and understanding the financial position of your company.
  2. Developing tailored financial strategies for sustainable growth.
  3. Preparing and auditing financial statements in compliance with Saudi regulations.

2. Accounting and Bookkeeping Services

  1. Recording financial transactions and maintaining original documents.
  2. Regularly updating the ERP system for accurate financial management.
  3. Generating monthly financial reports for clear insights.

3. Zakat and VAT Calculation and Reporting

  1. Reviewing transactions subject to Zakat and VAT.
  2. Preparing and submitting Zakat and VAT reports as per government rules.
  3. Regularly submitting reports on government portals.

4. General Ledger Management and Financial Budgeting

  1. Reviewing and reconciling general ledger accounts.
  2. Making necessary adjustments to the trial balance.
  3. Preparing complete financial statements for the company.
  4. Closing the books at the end of the fiscal year.

5. Advanced Bookkeeping Services

  1. Setting up a secure bookkeeping database.
  2. Implementing and managing e-invoicing systems.
  3. Recording and archiving received documents.
  4. Reporting financial data for management and group requirements.
  5. Preparing statutory financial statements.
  6. Coordinating with statutory auditors.

6. Tax Compliance and Advisory Services

  1. Preparing tax returns (CIT, VAT, WHT, Transfer Pricing, etc.).
  2. Providing expert tax advisory on Zakat, Corporate Income Tax, Withholding Tax, VAT, and other areas.
  3. Responding to tax notifications, corrections, and communicating with state authorities.

7. Tax Review and Optimization

  • Reviewing bookkeeping records for compliance and accuracy.
  • Assessing tax treatments and optimizing tax strategies.
  • Identifying sensitive tax issues and providing recommendations.

8. Gosi (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.
Business Advice

Expert Guidance

Benefit from our team’s extensive experience and insights in Saudi tax laws and regulations.

Scalability

Scalability

Easily scale services to match your business growth without the burden of in-house hiring.

Expertise and Experience

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

Compliance and Accuracy

We ensure your financial records meet all regulatory requirements, including VAT, Zakat, and corporate income tax.

Cost-effective solutions

Cost-Effective Solutions

Outsource your bookkeeping and accounting tasks for significant savings without sacrificing quality.

Financial Advice

Tailored Financial Advice

Receive personalized insights to optimize your financial performance.

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.

Our Payroll Management Key Features

Feature Description
Payroll Calculation Timely and accurate payroll calculations, including allowances and deductions.
WPS Compliance Ensuring compliance with the Wage Protection System and local laws.
Pay slip Generation Secure and confidential payslip generation for all employees.
Leave & EOSB Management Managing annual leave, sick leave, and end-of-service benefits.
GOSI & Tax Compliance Accurate deductions and contributions aligned with Saudi regulations.
Customized Reporting Tailored reports for management and financial planning.
Employee Record Management Maintaining complete, updated employee records for compliance and audit.

Your end-to-end partner from registration to operational launch.

SBH will simplify it for you – Trusted by companies worldwide, supported over 100+ company formation our team make sure to make it fast and simple

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.

Client Reviews

What our clients say about us.
review 1
SBH provided invaluable support in our strategic entry into Saudi. With the help of their on-ground specialists, SBH made our whole expansion journey quick and efficient. They simplified the process remarkably.
Omar Mufti General Manager – Opseacom Phoebe
review 2
The team at SBH had in-depth knowledge about the Kingdom’s procedures and the newly issued laws and enabled a very efficient and effective expansion for us
Cedric Gendron General Manager - POMA

Get Started with SBH Payroll Services Today

  • Contact us to discuss how our tailored payroll solutions can benefit your business in Saudi Arabia. We’re here to make payroll simple, compliant, and efficient — so you can focus on growing your business.
  • Request a Consultation

 

Our Company FAQs

Frequently Asked
Questions Business Setup in KSA

What are bookkeeping services?

Bookkeeping services involve recording and organizing financial transactions, maintaining accurate records, and ensuring compliance with financial regulations.

What is Zakat in Saudi Arabia?

Zakat is a religious tax applied to the wealth of Saudi or GCC nationals, calculated based on net worth or the Zakat base.

What is the income tax rate in Saudi Arabia?

The corporate income tax rate in Saudi Arabia is 20% of net adjusted earnings.

How can I benefit from outsourcing my bookkeeping and tax services to SBH?

Outsourcing ensures compliance, saves costs, provides access to expert advice, and allows you to focus on your core business.

Ready to Simplify Your Government Relations and Compliance?

Ready to Simplify Your Financial Management?

At Saudi Business Hub, we’re your trusted partner for accurate, compliant, and optimized financial management. Contact us today to learn how we can support your business growth in Saudi Arabia.