The U.S. Department of Education’s decision to shift major grants programs, including Title I and postsecondary funding, across multiple federal agencies marks a significant change in how education funding is administered.

Over the last decade, the asset management industry has been undergoing a significant structural transformation, reshaped by investor demand, geopolitical shifts, product innovations, regulatory changes, and new technologies.

Modern tax audits are rarely arbitrary. Authorities utilize sophisticated systems to analyze taxpayer filings, financial records, and third-party data, particularly in areas such as VAT, corporate income tax, and transfer pricing.

With over 30 years of experience in both Big 4 and industry, Craig McAree leads A&M’s Saudi Tax practice with a clear vision and deep expertise. In this interview, he shares the story behind the launch of our practice, what sets us apart in the market, and his vision for the future growth and direction of A&M Tax.

At Alvarez & Marsal Saudi (A&M), our values are the foundation of everything we do. Integrity, quality, objectivity, inclusivity, and a culture of fun and personal reward shape how we deliver results, build trust, and foster innovation.

The OECD’s new Pillar Two Side-by-Side package introduces key safe harbours and simplifications, with implementation beginning in 2026.

New Treasury and IRS guidance under the OBBBA signals meaningful changes for international tax planning. Key implications are emerging now, with more to come in 2026.

The Zakat, Tax and Customs Authority (ZATCA) has announced the 24th wave of Phase Two of the e invoicing project, requiring affected taxpayers to integrate their systems with the FATOORA platform by June 30, 2026.

Alvarez & Marsal has launched its Tax Services practice in Saudi Arabia, combining global expertise with deep local insight to help businesses navigate the Kingdom’s fast-changing tax landscape. With senior-led execution and a hands-on approach, A&M is here to turn complexity into opportunity.

September was a month of double celebration at Alvarez & Marsal - honoring the 95th Saudi National Day and marking our official launch in the Kingdom. From national pride to team achievements, it was a vibrant reflection of unity, growth, and ambition.

Multinational enterprise (MNE) groups with entities operating in Saudi Arabia should make note of the critical transfer pricing documentation deadlines.

Multinational enterprise (MNE) groups with a calendar year-end should note that the Country-by-Country (CbC) Report for FY2024 must be filed with ZATCA by December 31, 2025.

As the fiscal year progresses, businesses in Saudi Arabia must ensure they fulfil their obligation to make advance tax payments, especially those with significant prior-year tax liabilities.

Zakat and corporate tax filings for the 2025 financial year are due on April 30, 2026. Stay ahead of deadlines with accurate, compliant submissions.

Withholding Tax (WHT) in Saudi Arabia impacts payments to non-residents, making compliance essential as ZATCA tightens enforcement. Accurate, timely filings help avoid penalties and protect your business.