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December 17, 2018

KSA Salary Guide 2019 - Tax

“With the implementation of VAT in KSA on the 1st of January, 2018, residents expected more tax reforms in the pipeline. Tax and operations teams in organisations have been impacted and a growing need for tax professionals is anticipated in 2019.”

 

KSA Salary Guide 2019 - Tax
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai

Demand for national tax talent.

One of the main challenges faced by Big 4 and private sector firms was an outflow of talent to the public sector entities and especially the tax administration. This was mainly related to Saudi national talent which created considerable talent related gaps for these firms and after that a greater need for national tax talent.

Heavily reliant on recruiting international talent.

On the other hand, some consulting firms have faced an issue of recruiting tax talent from the competition due to employers’ unwillingness to release IQAMAs or non-compete considerations hence why there is even a greater need for consulting firms to hire KSA national tax professionals as they tend to have fewer complications while changing employers. Another consideration is to hire professionals employed in “industry” and willing to move to the consulting side. These challenges are expected to continue, and therefore KSA tax market is heavily reliant on recruiting internationally-based professionals. However, this gap is expected to be bridged by further development of national talent in the mid to long term.

The increasing complexity of the tax regime in KSA will lead to further jobs creation.

The Kingdom continues its transformational journey aimed at economic diversification and development.  Changes in regulation and tax reform continue to be on the rise in KSA. With the implementation of VAT in KSA on the 1st of January, 2018, residents expected more tax reforms in the pipeline. Tax and operations teams in organisations have been impacted; we anticipate a growing need for tax professionals in 2019. This is particularly triggered by the Base Erosion and Profit Shifting (BEPS) tax strategies developed by the Organisation for Economic Cooperation and Development (OECD), and it's multilateral tax treaty which was signed by KSA in 2018. Following the global trends, organisations in the Kingdom will be on the look for hiring more tax professionals particularly in international tax and transfer pricing. We expect these developments will create new opportunities for local talent and therefore strengthen the value proposition and prospects of tax as a profession.

The age of automation.

Tax automation, tax reporting, tax ERP and tax analytics are some of the tax technologies that are on the rise. These technologies are a necessity specifically in businesses with a large operations team spread across various sectors and countries.

ROLES

TITLE

MIN

MAX

BIG4

Senior Associate

14,000

18,000

 

Assistant Manager

16,000

22,000

 

Manager

23,000

33,000

 

Senior Manager

27,000

39,000

 

Director

45,000

55,000

 

Partner (Junior)

55,000

70,000

 

Partner (Mid to Senior)

75,000+

-

INDUSTRY &

Analyst/Senior Analyst

13,000

20,000

PUBLIC SECTOR

Supervisor

20,000

28,000

 

Manager

24,000

37,000

 

Senior Manager

35,000

45,000

 

Head of Tax

50,000

65,000+

Monthly salaries in Saudi Riyals (SAR). Salaries provided are exclusive of any bonus, guaranteed or otherwise. 

Please click here to view the full salary guide for this sector. 

Viacheslav Shakhov By Viacheslav Shakhov

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