Accounting, Tax & Payroll Services in Saudi Arabia
Since VAT was implemented in Saudi Arabia in 2018, proper books and records are no longer just good practice, they’re a compliance requirement with real consequences for getting it wrong.
VAT was introduced for two reasons: to build a sustainable social and economic environment, and to bring transparency to the KSA market. As a result, compliance now plays a central role in how every business operates in the Kingdom.
What We Provide
Meena Business Consultancy Services and its cooperation partners, with 20+ years in the market, deliver these services out of one hand, based on IFRS:
- Annual audit reports
- Accounting and bookkeeping services
- Payroll services
- Monthly reporting packages
- Preparation of yearly financial statements
Who This Is For
Companies operating in Saudi Arabia that need VAT-ready books and records (VAT has applied since 2018), foreign businesses that have just completed business setup in Saudi Arabia and want accounting and payroll running from day one, and groups that need monthly reporting and yearly statements under IFRS.
How It Works
1. Review where you stand. We look at your current books, or set them up from scratch if you are starting out.
2. Run accounting and payroll. Bookkeeping and payroll services are provided under International Financial Reporting Standards (IFRS).
3. Receive monthly reporting. Monthly reporting packages keep your records accurate and auditable for VAT.
4. Close the year properly. We prepare the yearly financial statements and annual audit reports. For contracts and licensing, see legal and corporate services in Saudi Arabia.
Frequently Asked Questions
Why does VAT make bookkeeping more important in Saudi Arabia?
VAT compliance requires accurate, auditable books, Saudi Arabia introduced VAT in 2018 partly to bring transparency to the market, and proper records are how a business demonstrates that compliance.
Are these services delivered under a recognized accounting standard?
Yes. All accounting, payroll and reporting services are provided under International Financial Reporting Standards (IFRS).
