Architects of financial simplicity. We transform challenges into opportunities, empowering your business growth.
Tax and Zakat Compliance
Keeping you up to date with the rapid changes in tax laws and new accounting standards, while empowering your business with the needed confidence in disclosing accurate tax numbers and delivering the required reports and financial statements. This includes helping you with direct and indirect tax compliance, dealing with assessment and appeals, advising your business in streamlining tax function, as a business unit or a particular transaction(s) or an overall business restructuring.
Value Added Tax (VAT)
Keeping you intact from every aspect, our business VAT services offer efficient, cross-industry and practical VAT advice with respective focus on industrial sectors and a practical approach. Assisting companies/ entrepreneurs of all sectors to stay in compliance with the Saudi VAT requirements.
E-Invoicing
As part of the digital revolution in tax administration, we emphasize the importance of VAT e-invoicing. This transformation journey aims to bridge compliance gaps and enable real-time tax and financial capture and analysis for tax authorities. In line with Saudi Arabia’s E-Invoicing guidelines, our technology team has crafted the Unicore E-invoicing platform—an integrated Multi-Tenant Digital Platform. Partner with BBIT’s experts to explore Phase 2 implementation plans and experience the user-friendly functionality of our solution.
Cross-Border Transactions & Transfer Pricing
Our team specializes in seamless compliance and strategic guidance for your global business ventures. We review and advise on overseas investments and cross-border transactions, aligning with KSA tax and zakat regulations. Additionally, our experts conduct meticulous reviews of your policies and practices, ensuring adherence to transfer pricing requirements. We analyze related party transactions, offer advice on contracts, agreements, and reporting obligations, guiding you with practical approaches for compliance, local and master files, and localization of transfer pricing strategies.
Real Estate Transaction Tax (RETT)
We provide expert counsel on RETT regulations, their interaction with VAT, and the impact on real estate movement in M&A and restructuring. Our support extends to identifying taxable assets, offering comprehensive compliance assistance, and minimizing non-compliance risks and penalties.
Accounting & Bookkeeping
Our experts excel in establishing robust data foundations, enhancing compliance, and optimizing reporting processes regardless of your organization’s size. Our operational support streamlines year-end closing, ensuring high-quality data for audits and tax disclosures. During financial transformations or periods of growth, we assist with local reports, easing year-end disruptions and ensuring seamless audits. Count on us for comprehensive financial solutions.
Financial Reporting & Compliance
Supporting you with the optimization and restructuring of finance functions to improve contribution to the business. Our support will help you ensure that the finance department in your business addresses the challenges of achieving appropriate standards of control, ensuring efficient back office opportunities, and supporting the business through pragmatic insights.
Custom Duty & Excise Tax
We specialize in guiding businesses through the intricacies of international trade. Our experts optimize operations, ensure compliance, and minimize financial risks associated with customs duties and excise taxes. We offer comprehensive advisory services, including goods classification, duty rates evaluation, and guidance on preferential trade agreements. We handle disputes, prepare appeals, and provide expert support for efficient conflict resolution with customs authorities.
Navigate Fiscal Challenges
We help leaders make informed decisions in today’s dynamic fiscal and tax landscape.