Frequently Asked Questions
Posted: Mon Jan 20, 2025 10:07 am
This involves keeping rigorous accounting records and meeting the deadlines established by the Tax Agency.
Can a corporate self-employed person access the flat rate?
The flat rate is a benefit that reduces the list of saudi arabia cell phone number self-employed fee during the first years of activity.
However, corporate self-employed workers cannot benefit from the flat rate, as this is intended for self-employed individuals.
Social Security contributions
Self-employed workers must pay Social Security contributions, and their minimum contribution base is generally higher than that of self-employed individuals. This contribution includes both the corporate self-employed fee and the contributions corresponding to the personnel hired by the company.
Legal Responsibilities
In a commercial company, liability towards third parties is limited to the capital of the company.
However, the corporate self-employed person may also assume legal responsibilities arising from his actions as a company administrator.
Calculation of the salary of a corporate self-employed person
The salary of a corporate self-employed person is set based on the company's actual income and the management or administration tasks performed.
Collection using invoice
You can choose to charge for your services by issuing invoices to the company, thus reflecting the income generated by your economic activities.
Receiving salary by payroll
Alternatively, the corporate self-employed person can receive his salary through a payroll, similar to any other employee.
Advantages and disadvantages of corporate self-employment
The advantages and disadvantages of corporate self-employment include flexibility in management, tax benefits and financial and administrative risks.
Advantages:
Can a corporate self-employed person access the flat rate?
The flat rate is a benefit that reduces the list of saudi arabia cell phone number self-employed fee during the first years of activity.
However, corporate self-employed workers cannot benefit from the flat rate, as this is intended for self-employed individuals.
Social Security contributions
Self-employed workers must pay Social Security contributions, and their minimum contribution base is generally higher than that of self-employed individuals. This contribution includes both the corporate self-employed fee and the contributions corresponding to the personnel hired by the company.
Legal Responsibilities
In a commercial company, liability towards third parties is limited to the capital of the company.
However, the corporate self-employed person may also assume legal responsibilities arising from his actions as a company administrator.
Calculation of the salary of a corporate self-employed person
The salary of a corporate self-employed person is set based on the company's actual income and the management or administration tasks performed.
Collection using invoice
You can choose to charge for your services by issuing invoices to the company, thus reflecting the income generated by your economic activities.
Receiving salary by payroll
Alternatively, the corporate self-employed person can receive his salary through a payroll, similar to any other employee.
Advantages and disadvantages of corporate self-employment
The advantages and disadvantages of corporate self-employment include flexibility in management, tax benefits and financial and administrative risks.
Advantages: