×
More Information

Understanding Saudi Arabia’s Civil Transactions Law: A Cornerstone of Vision 2030 Reforms

2024-11-06
In a significant development, Saudi Arabia introduced the Civil Transactions Law (CTL or KSA Civil Code) on June 19, 2023, which came into effect December 16, 2023. This law, established by Royal Decree M/191, reflects a bold commitment to codifying Shari’ah principles, addressing commercial challenges, and aligning the nation’s legal framework with international standards. The CTL is an essential component of Vision 2030, Saudi Arabia’s roadmap for economic diversification and transformation. This reform is poised to improve legal certainty and create a predictable business environment, making Saudi Arabia a more attractive destination for local and foreign investments.
Get Asia Briefing's Daily Updates Free on

Featured Business News

ASEAN Briefing

National Wage Council Urges Wage Hike for Lower-Income Workers in Singapore

11/05/2024

Singapore’s National Wage Council (NWC) has recommended that employees earning a monthly wage of up to S$2,500 (US$1,899) should be given salary increases of between 5.5 and 7.5 percent. The NWC plays a key role in guiding wage policies to promote sustainable economic growth, fair labor practices, and equitable wage distribution.

China Briefing

China Monthly Tax Brief: October 2024

11/05/2024

On October 15, 2024, the Ministry of Finance (MOF), the State Taxation Administration (STA), and the Ministry of Water Resources (MWR) released the Notice on Issuing the Implementation Measures for the Pilot Reform of Water Resource Tax (the Implementation Measures).

India Briefing

India-Mexico Bilateral Trade and Investment

11/05/2024

The strategic partnership between India and Mexico facilitates robust bilateral trade and investment, with key collaboration in IT, pharmaceuticals, and automotive sectors, leveraging Mexico’s access to North American markets and India’s growing industrial base.

Vietnam Briefing

Vietnam’s Property Tax Regime 2024

11/05/2024

Vietnam’s property tax regime plays a significant role in shaping the real estate market, impacting investment decisions, the development of supporting infrastructure, and market stability. This article offers a comprehensive overview of Vietnam’s property tax landscape to help investors make well-informed choices.

Middle East Briefing

UAE Real Estate Investment Income and Tax Liability

11/06/2024

Real estate income for individuals in the UAE is generally excluded from Corporate Tax unless the activity requires a business license. The guide also clarifies that joint ownership and the nature of property usage determine whether the income is taxable or excluded.

India Briefing

India Manufacturing Tracker: 2024-25

11/05/2024

India is keen to expand its manufacturing sector, with a focus on diversifying into newer lines of production, advancing the industrial capacity of traditional sectors like automobiles, and establishing a globally competitive domestic supply chain ecosystem.

Never miss an update

Latest Guides and Reports See More

Vietnam’s Import-Export Regime: Managing Customs and Accessing Tax Benefits

09/18/2024

As Vietnam strengthens its position in global trade, understanding its import-export regulations is vital for businesses. This edition of...

A Guide to Hiring in Indonesia

09/18/2024

This issue of ASEAN Briefing magazine features an overview of the Indonesian labor market, along with the local employment laws and...

Optimizing Returns: Strategies for Success in India's Service Sector

09/11/2024

This magazine takes a look at the service sector performance in the Indian economy, key segments attracting FDI, and suggests best...

Cost Reduction Strategies in China

09/11/2024

In this issue of China Briefing magazine, we delve into the most effective cost reduction strategies observed in Chinese business...

Asia Business and Investment Portals

Choose which Country you’d like to begin exploring.

Click to explore on our Doing Busines portal in China
Click to explore on our Doing Busines portal in India
Click to explore on our Doing Busines portal in Vietnam
Click to explore on our Doing Busines portal in Indonesia
Click to explore on our Doing Busines portal in Singapore
Click to explore on our Doing Busines portal in Hong kong
Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
CONTACT OUR PROFESSIONALS HERE

ASEAN

Malaysia Budget 2025: Impact for Individuals

11/04/2024

Discover key updates from Malaysia’s Budget 2025 impacting individual taxpayers, including tax reliefs, minimum wage, and dividend taxes.

Jump to ASEAN:
Country Guide Portal
Publications

China

Canada Hosts Large CIIE 2024 Delegation, Showcasing Healthy Consumer Products

11/06/2024

Canada is hosting a large delegation to make a significant impact at the CIIE 2024 in Shanghai, focusing on promoting its healthy consumer products.

Jump to China:
Country Guide Portal
Publications

India

Tracking Key Financial Metrics for Indian SMEs

11/06/2024

Financial metrics provide data-driven insights, helping Indian SMEs make informed decisions, ensure financial health, and drive sustainable growth.

Jump to India:
Country Guide Portal
Publications

Vietnam

Vietnam's Economic Zones: A Practical Guide for Investors

10/30/2024

We discuss the unique advantages of Vietnam's Economic Zones (EZs), highlighting their appeal to foreign investors drawn by incentives, advanced industrial infrastructure, and logistics connectivity.

Jump to Vietnam:
Country Guide Portal
Publications

Middle East

Middle East Briefing

UAE Real Estate Investment Income and Tax Liability

11/06/2024

Real estate income for individuals in the UAE is generally excluded from Corporate Tax unless the activity requires a business license.

Jump to Middle East:
Publications

 

WHO WE ARE

Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.

ASIA BRIEFING DEZAN SHIRA & ASSOC. ASK US A QUESTION
Back to top