Tax Risk Management Of Engineering Contract In Saudi Arabia,Illustrated By The Company S

Countries along the “Belt and Road” has generally enforced tax governance.More and more Chinese companies have faced unprecedented challenges in tax inspection,due to their lack of tax risk awareness,and the challenges in compliance with laws and regulations.Skilled control of tax risks,early stage tax risk prevention,and establishment of a sound tax prevention and control system are of great significance for enterprises to achieve long-term international development.Saudi Arabia is the largest economy in Middle East,and has been our country’s largest trading partner in the area for many years,it has special tax policies and systems due to religious factors and special economic structures.Studying its tax system will help Chinese companies to avoid tax risk.Taking S company as an example,this paper studies tax environment and S company’s tax management system.Based on the risk management theory,the risk scoring system is used to evaluate the tax risk of S company,find that the tax risks mainly include accounting management risk,engineering contract risk,related party transaction risk,IT risk,tax compliance risk,and double taxation risk.S company shall improve risk management framework such as overall risk management mechanism and regional coordination mechanism,strengthen tax risk management compliance,comprehensive utilization of internal and external resources,etc.By summarizing the practical experience,the paper hopes to help more "going out" enterprises to improve their overseas tax risk management and control capabilities.