KPMG in Saudi Arabia
Tareq Al Sunaid is a Partner and Head of Domestic Tax in Saudi Arabia. He is based in the Al-Khobar office. He has been involved in the profession for the last 20 years with KPMG and another Big 4 firm. He has worked with both Saudi and multinational companies operating in the Kingdom. During this time he acquired significant experience in providing a wide range of services to diverse businesses, including tax and zakat. He was involved in the preparation of tax and zakat returns, responding to queries, finalizing assessments and appeals and leading discussions with the Department of Zakat and Income Tax (“DZIT”) with respect to dispute resolutions. In one particular case, Tareq was successful in reducing a tax liability from SAR 90 million to SAR 35 million. In another case, he was instrumental in persuading the DZIT to reverse a capital gain assessment of SAR 16 million. In yet another instance, Tareq was successful in eliminating SAR 3 million of penalties in a tax evasion case. In his many years of practice, Tareq has developed and maintained a trustworthy relationship with DZIT assessing officers.