Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
16.00 % on Dec 31, 2022
Lowest
15.00 % on Dec 31, 2023
About Saudi Arabia Withholding Tax Rate
In Saudi Arabia, the withholding tax rate is a tax collected from companies. It applies to businesses when they make payments to other business entities or individuals, e.g., in the form of dividends, interest, and royalties. The benchmark we use refers to the standard withholding tax rate on interest for non-residents. Revenues from the withholding tax rate are an important source of income for the government of Saudi Arabia.