KPMG Appoints New Head of Tax for Saudi Levant Region

Press release
Published October 28th, 2018 - 11:10 GMT
Wadih AbouNasr, KPMG Head of Tax
Wadih AbouNasr, KPMG Head of Tax

KPMG Al Fozan & Partners, a leading provider of audit, tax, and advisory services in Saudi Arabia, has announced the appointment of Wadih AbouNasr as the Head of Tax.

In his new role, Wadih will be leading the tax function from KPMG Al Fozan & Partners' headquarters in Riyadh.

A seasoned consultant with over 30 years of corporate experience in North America and the Middle East, Wadih's areas of expertise covers, but is not limited to international tax, value-added tax (VAT), tax deals and tax operations and technology.

Wadih has previously held several senior roles in another large professional services firm such as the chief operating officer (COO) for the tax function, head of transformation in the tax function, regional tax risk and quality leader, as well as tax relationship partner for key multinationals.

Commenting on the appointment, Abdullah Al Fozan, Chairman, KPMG Al Fozan & Partners, said: "We are extremely delighted to have Wadih AbouNasr joining our team. His appointment strengthens our tax advisory services and validates our aim to continue delivering top-tier service to our clients."

"Wadih’s wealth of experience and market knowledge will play a key role in ensuring synchronization and putting our Tax market presence across the Saudi Levant region synergy in action. We welcome Wadih to the KPMG family and wish him a successful tenure with us," Al Fozan added.

Speaking on his new role, Wadih AbouNasr, Head of Tax, KPMG Al Fozan & Partners, said: "It is a very exciting time for Saudi Levant region, as the tax system evolves here. The changing market dynamics bring multiple challenges for regional businesses and so our emphasis will be on providing clear, concise and effective advice on all tax-related matters ranging from corporate tax and Zakat, M&A tax, international tax issues,  as well as value-added tax (VAT).

“As the tax landscape gets increasingly complex, our focus will include assisting our clients in managing their tax function and risks through the use of efficient delivery models and technology, thus reinforcing our position as the region's top professional service providers."

Background Information

KPMG

Through helping other organizations mitigate risks and grasp opportunities, we can drive positive, sustainable change for clients, our people and society at large.

KPMG member firms operate in 153 countries, collectively employing more than 207,000 people, serving the needs of business, governments, public-sector agencies, not-for-profits and through member firms' audit and assurance practices, the capital markets. KPMG is committed to quality and service excellence in all that we do, bringing our best to clients and earning the public's trust through our actions and behaviours both professionally and personally.

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