The Daftar · Research Briefs

Notes from a single practitioner.

A short, irregular series of research briefs. Written for operators and audit committees — not for tax-alert distribution lists. One take per brief, with the workings underneath.

Issues 04 · in print and forthcoming

№ 001 The SAR 375,000 threshold — what ZATCA Phase 2 Wave 24 asks of Saudi SMEs, and why most of them are being quietly over-sold. Wave 24 goes live on 30 June 2026. The technical requirement is well-defined. The implementation market around it is not. This brief is for the founder asking why the quote on their desk reads SAR 150,000 for what should cost a quarter of that. Forthcoming · Q2 2026 ZATCA · KSA 14 min read → № 002 UAE Corporate Tax — the first audit season, and what went wrong in the September 2025 filings. The first FY24 returns are filed. The first auditor reviews are coming back. The pattern that emerged is consistent enough to be useful — and uncomfortable enough to be worth writing down before FY25 closes. In drafting · Q2 2026 UAE CT 16 min read → № 003 IFRS 16 in Saudi construction JVs — the five most common recomputation errors. In the construction-JV population specifically — site offices, plant-and-equipment leases, accommodation contracts, and the long-tail of fleet rentals — the IFRS 16 working paper rarely ties. This brief is the field guide to the five errors that produce the variance, and how the audit picks each one up. Scheduled · Q3 2026 IFRS 16 · KSA 18 min read → № 004 Nomu without Big Four — a pre-IPO readiness playbook for SAR 30–80M SMEs. Most Saudi SMEs in the Nomu band do not need a Big Four reporting accountant on day one. They need an honest diagnostic six to twelve months earlier — and the readiness work the financial adviser will not do. Scheduled · Q3 2026 Nomu · CMA 17 min read →