Implementing Regulation for Zakat Collection

Release Date:	1445-08-19
Release Tool:	Ministerial decision
Issuance Instrument Number:	1007
Validity:	Valid
Date of last amendment:	1446-10-11
Summary:	By AI The Implementing Regulation for the Collection of Zakat, Tax, and Customs in Saudi Arabia addresses general provisions that include basic definitions, liable persons, and types of taxpayers, with an emphasis on the importance of obtaining a license before engaging in activities. The regulation sets the Zakat rate at 2.5% and clarifies how it is calculated based on assets and liabilities, in addition to addressing revenues and expenses in Zakat declarations. The provisions include the rights and ...

Release Date:

1445-08-19

Release Tool:

Ministerial decision

Issuance Instrument Number:

1007

Validity:

Valid

Date of last amendment:

1446-10-11

Summary:

By AI

The Implementing Regulation for the Collection of Zakat, Tax, and Customs in Saudi Arabia addresses general provisions that include basic definitions, liable persons, and types of taxpayers, with an emphasis on the importance of obtaining a license before engaging in activities. The regulation sets the Zakat rate at 2.5% and clarifies how it is calculated based on assets and liabilities, in addition to addressing revenues and expenses in Zakat declarations. The provisions include the rights and ...