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This tax strategy applies to the University and its subsidiaries. In this strategy, unless the context otherwise requires, references to the "University" are to the University and its subsidiaries.
References to "tax", "taxes" or "taxation" are to KSA taxation and to all corresponding worldwide taxes and similar duties in respect of which the University or one of its subsidiaries has any legal responsibility.
KAUST UK Limited is a wholly owned subsidiary of KAUST, the parent entity which is a Multi-National Entity for UK tax purposes. KAUST UK Limited is registered in the United Kingdom (UK) and adheres to the tax laws and regulations administered by the UK tax authority, HMRC. KAUST UK Limited is not an active trading entity and, as such, is exposed to minimal tax risk. It does not engage in any intercompany activities between tax jurisdictions which result in transfer pricing implications. KAUST UK Limited engages local tax advisors to assist with its tax obligations and requirements.
Tax policy, Tax risk management and Relationship with Tax Authorities
KAUST UK Limited applies the same general principles as its parent entity with regards to Tax policy, Tax risk management and its relationship with the local tax authority.