Services for Local Businesses
01Tax & Zakat Services
VAT
- VAT filing and submission
- VAT registration
- Managing ZATCA tax audits and reviews
- Tax objections and appeals
- VAT refund services
- E-invoicing setup and compliance with ZATCA requirements
Zakat Services
- Zakat filing and submission
- Coordination with relevant authorities
- Zakat objections and appeals
02Financial Statements & Reporting
Financial Statements
- Internal financial statements
- External financial statements
- Statements for compliance and official disclosure
- Coordination with certified audit offices
Financial Reporting
- Periodic financial reporting
- Customized management reports
- Financial indicators analysis
- Clear reporting for performance evaluation
03Cost Accounting
- Operational cost analysis and monitoring
- Cost reporting and continuous follow-up
- Budgeting and financial forecasting support
- Cost tracking accounting systems
- Cost reduction strategies
04Accounting & Tax Consultancy
Accounting Consultancy
- Financial and accounting consultation
- Accounting process organization support
- Financial monitoring improvement
Tax Consultancy
- Tax and Zakat consultation
- Audit and tax review support
- Regulatory compliance guidance
05Bookkeeping & Accounting Systems
Bookkeeping
- Daily transaction recording
- Accounts receivable and payable management
- Bank reconciliations
- Payroll preparation
- Monthly and quarterly financial statements
- Expense classification and general ledger management
- Continuous monitoring and financial analysis
Accounting Systems Setup
- Accounting system setup and organization
- Accounting cycle structuring
- Financial records organization
- Financial reporting workflow setup
06Endowment (Awqaf) Services
- Endowment financial statements preparation
- Periodic bookkeeping services
- Financial governance organization
- Customized trustee reporting
- Endowment bank account organization
- Financial and administrative follow-up for endowments
Services for Foreign Companies in Saudi Arabia
At Nitaq Al Arqam, we support foreign companies and international group entities operating in Saudi Arabia through accounting and financial services that ensurelocal compliancewhile aligning with head office requirements.
01Bookkeeping in Accordance with Saudi Regulations
- Organizing accounting cycles and managing daily financial operations in accordance with Saudi regulations
- Accounting entries and reconciliations preparation
- Financial accounts and transaction follow-up
- Integration support with parent company and head office requirements
02Financial Reporting for Management & Head Office
- Periodic financial reporting
- Consolidated financial reporting
- Performance and cash flow reports
- Financial analysis and reporting support for management and head office
03VAT & Income Tax
VAT
- Tax registration and return filing
- VAT and withholding tax management
- Tax risk reduction and regulatory compliance
- Tax consultation for multinational companies
Income Tax
- Income tax registration for eligible entities
- Income tax return filing and submission
- Managing ZATCA income tax audits and reviews
- Income tax objections and amendments
- Ongoing tax compliance follow-up
- Support for foreign and mixed-ownership entities tax requirements
04IFRS Financial Statements Preparation
- Preparation of IFRS-compliant financial statements
- Financial statements preparation for external audit
- Clarification of local and head office reporting differences
- International reporting support
05Payroll & Employment Compliance
- Monthly payroll preparation
- Allowances, leave, and end-of-service management
- Employee files and regulatory obligations organization
- Labor law and GOSI compliance support
06Compliance Support for Foreign Companies
- E-invoicing compliance
- VAT & Income Tax
- Financial governance support
- Banking and international transfer requirements
- Regulatory reporting requirements
07Integration with Global Systems
- Integration with international accounting and ERP systems
- Operational alignment between branch offices and headquarters
We work with systems such as
We act as your local financial arm to ensure stable operations and full compliance within Saudi Arabia.