“Proven supports you with accounting and tax services so you can remain financially compliant”

We provide a range of accounting and tax services to help you remain financially compliant.  Keeping company finances in order is key to running a successful business and companies who are exporting or starting up in Saudi Arabia can find local requirements difficult to navigate. Corporate tax, General Organization for Social Insurance (GOSI) contributions, Zakat and VAT are payable to the government dependent on what category the company falls into. 

Following VAT being introduced in 2018, companies are required to keep records of their accounts in order to complete VAT filings at the end of the tax year and without the correct management of your finance department, this is not possible. Keeping your accounting and tax records accurate and up to date is key to managing government contributions efficiently. 

Financial advisory

Proven provides financial advisory services including financial, economic and strategic advice to companies with a range of financial challenges. We guide our clients in making better long term financial decisions; provides valuable and expert solutions and strategies to improve future financial positioning.

Financial advisory gives support to companies going through merger and acquisitions, ensuring the best possible financial outcome for the business. We help to maximize the company’s value through business valuations, due diligence investigations and the preparation of financial projections and budgets. It helps under performing businesses identify where they can improve and create long-term action plans to achieve corporate objectives.

What we do

  • Financial reporting 
  • Auditing 
  • Financial advisory
  • Tax solutions
  • Managing working capital
  • Zakat and income tax reports as per Saudi regulations

Auditing

Our auditing services ensure that a company is compliant in all financial areas. Auditors will analyse and report on a client’s finances to ensure they are in accordance with local laws, rules and regulations. These reports will help the company to determine processes for operations, internal controls, risk management, and governance.

Examined factors can include; payroll, tax, Wage Protection System (WPS), General Organization for Social Insurance (GOSI) calculations and Zakat. A company should be able to pass an audit at any given time and having regular audits will allow a business to identify issues and develop processes or systems to improve areas.

Tax Solutions

VAT is a new addition to doing business in the Kingdom, and there has been challenges for companies required to implement VAT.  We provide tax advisory and solutions so you can remain compliant.